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Saudi Arabia’s crown prince mentioned in an interview aired on Sunday that conflict with Iran would devastate the worldwide economic system and he prefers a non-military answer to tensions together with his regional rival.

“If the world does not take strong and firm action to deter Iran, we will see further escalations that will threaten world interests,” Prince Mohammed bin Salman advised the CBS program “60 Minutes.”

“Oil supplies will be disrupted and oil prices will jump to unimaginably high numbers that we haven’t seen in our lifetimes,” the prince mentioned.

The prince mentioned a conflict between Saudi Arabia and Iran could be catastrophic for the world economic system.

“The region represents about 30 percent of the world’s energy supplies, about 20 percent of global trade passages, about four percent of the world GDP. Imagine all of these three things stop,” he mentioned.

“This means a total collapse of the global economy, and not just Saudi Arabia or the Middle East countries.”

He mentioned a September 14 assault on Saudi oil services, which his nation and the US blamed on Iran, had been mindless.

“There is no strategic goal. Only a fool would attack five percent of global supplies. The only strategic goal is to prove that they are stupid and that is what they did,” mentioned the prince.

Prince Mohammed was requested point-blank if he ordered the killing and dismemberment of journalist Jamal Khashoggi in October final year.

“Absolutely not. This was a heinous crime. But I take full responsibility as a leader in Saudi Arabia, especially since it was committed by individuals working for the Saudi government,” he mentioned.

“When a crime is committed against a Saudi citizen by officials, working for the Saudi government, as a leader I must take responsibility. This was a mistake.”

Body by no means discovered

Prince Mohammed, the dominion’s de facto ruler, has come beneath big worldwide stress after the US-based author was killed and dismembered within the Saudi consulate in Istanbul.

Khashoggi’s physique was by no means discovered.

The prince has mentioned the killing was carried out with out his information.

Riyadh has repeatedly denied that Prince Mohammed was behind the homicide of Khashoggi — a royal household insider turned critic and a US resident — who was killed in what Saudi authorities have described as a rogue operation.

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A report by a UN human rights knowledgeable, who performed an unbiased probe, mentioned there was “credible evidence” linking the crown prince to the homicide and an tried cowl up.

The CIA has additionally reportedly mentioned the killing was possible ordered by Prince Mohammed.

But Saudi prosecutors have absolved the prince and mentioned round two dozen people implicated within the homicide are in custody, with dying penalties sought in opposition to 5 males.

AFP channels TV

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