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Saudi crown prince warns of soaring oil prices

Credit: Reuters Studio
Published on September 30, 2019 - Duration: 01:19s

Saudi crown prince warns of soaring oil prices

Saudi Arabia's crown prince warns in a 60 Minutes interview that oil prices could spike over tensions with Iran, and denies involvement in the killing of journalist Jamal Khashoggi nearly one year ago..

Ryan Brooks reports.

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Saudi crown prince warns of soaring oil prices

The Saudi crown prince warned Sunday (September 29) of a spike in oil prices if the world doesn't unite to deter Iran.

Mohammed bin Salman spoke to CBS' 60 Minutes more than two weeks since attacks on the heartland of the Saudi oil industry.

(SOUNDBITE) (English Translation) SAUDI ARABIA'S CROWN PRINCE MOHAMMED BIN SALMAN, SAYING: "If the world does not take a strong and firm action to deter Iran, we will see further escalations that will threaten world interests.

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 also denied involvement in the killing of journalist Jamal Khashoggi nearly one year ago.

(SOUNDBITE) (English Translation) CBS NEWS ANCHOR NORAH O'DONNELL, SAYING: "Did you order the murder of Jamal Khashoggi?" (SOUNDBITE) (English Translation) SAUDI ARABIA'S CROWN PRINCE MOHAMMED BIN SALMAN, SAYING: "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.

Khashoggi was last seen entering a Saudi consulate in Turkey where he was killed.

Eleven Saudi suspects have been put on trial in secretive proceedings but only a few hearings have been held.

MBS - as the Saudi prince is often known - has not visited the U.S. or Europe since.

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