Saudi crown prince warns of soaring oil prices

WASHINGTON – Saudi Arabia’s crown prince warned in an interview broadcast on Sunday that oil prices could spike to “unimaginably high numbers” if the world does not come together to deter Iran, but said he would prefer a political solution to a military one. Speaking to the CBS program “60 Minutes,” Mohammed bin Salman, the kingdom’s de facto ruler, also denied that he ordered the killing of journalist Jamal Khashoggi by Saudi operatives nearly a year ago, but said he ultimately bears “full responsibility” as the leader of his country. While Khashoggi’s death sparked a global uproar and tarnished the crown prince’s reputation, the Trump administration’s tense standoff with Iran, Saudi Arabia’s arch-foe, has more recently dominated US policy toward Riyadh, especially after the 14 September attacks on the heartland of the Saudi oil industry.

“If the world does not take a strong and firm action to deter Iran, we will see further escalations that will threaten world interests,” the crown prince said. “Oil supplies will be disrupted and oil prices will jump to unimaginably high numbers that we haven’t seen in our lifetimes.”

The crown prince, in an interview conducted on Tuesday in Saudi Arabia, said he agreed with US Secretary of State Mike Pompeo that the 14 September attacks, which damaged the world’s biggest petroleum-processing facility and knocked out more than 5% of global oil supply, were an act of war by Iran. But he said he preferred a peaceful resolution because a war between Saudi Arabia and Iran would collapse the global economy. The United States, European powers and Saudi Arabia have blamed the attacks on Iran. Tehran has denied any involvement. Instead, the Iran-aligned Yemeni Houthi rebel group claimed responsibility. “The political and peaceful solution is much better than the military one,” he said. The crown prince also said US President Donald Trump should meet with Iranian President Hassan Rouhani to craft a new deal on Tehran’s nuclear program and influence across the Middle East. Efforts to bring the two together last week at the United Nations General Assembly failed. Tensions between Washington and Tehran have escalated over the US withdrawal from an Iranian nuclear deal and its reinstatement of sanctions against Tehran.

repeatedly said he had no role. The crown prince also repeated a Saudi call for Iran to halt its support for Houthi forces in Yemen and said he was open to “all initiatives for a political solution” to end the war there. Nick Note: I want to be on record here $100 oil here we come and then the retaliatory attack on Iran will come and ALL HELL will break lose the $200 oil will be a starting place. Yes i do know how to trade this!! I sure hope you are their with me for one. It will  be i my opinion  the greatest money making opportunities of our lifetime… Next to being a billion dollar drug lord. The really cool part is trading like i want you to do is nice and legal like. And that means you get to keep your money, your life and your freedom… how cool is that!!