Saudi Prince Warns Regional War with Iran Could Lead to 'Total Collapse of Global Economy'

THE TELEGRAPH: Awar with Iran would lead to “a total collapse of the global economy”, Saudi crown prince Mohammed bin Salman has said, as he called for a political solution and endorsed talks between Donald Trump and Iranian leaders.

Speaking two weeks after Iran allegedly bombed major Saudi oil facilities, and as new footage of the attack surfaced, the kingdom’s de-facto ruler said that a full-scale conflict in the Persian Gulf would cause oil prices to jump to “unimaginably high numbers that we haven't seen in our lifetimes”.

“The political and peaceful solution is much better than the military one,” Crown Prince Mohammed told CBS News. » | Raf Sanchez, Middle East correspondent | Monday, September 30, 2019

US Troops in Saudi Arabia Defend Hegemony, Not Security

Pushback with Aaron Maté

Can the US Guarantee Gulf Security? | Inside Story

Washington has blamed Tehran for the attack on Saudi oil facilities and says it's now building a coalition against Iran.

The Gulf region is on the edge. Who's responsible for last week's attacks on Saudi oil infrastructure, has led to accusations from different sides. The US and Saudi Arabia say Iran is behind the Aramco strikes. But the Houthis in Yemen say they are responsible and have warned of more to come.

The US Secretary of State visited allies Saudi Arabia and the UAE to talk to their leaders. Mike Pompeo said Washington was seeking a peaceful resolution to the crisis, but blamed Iran for seeking an 'all-out war.'

Iran's foreign minister says the U.S. is preparing to use the Aramco incident as an excuse to attack his country, and that Tehran's ready to defend itself. So, will tension escalate even further? Or would diplomacy defuse it?

Presenter: Imran Khan | Guests: Nader Hashemi, Director of the Center for Middle East Studies at the University of Denver; Mohammad Marandi, Professor of American Studies at the University of Tehran; Adolfo Franco, Republican strategist and former adviser to Senator John McCain

US Dials Back Iran Rhetoric and Seeks 'Peaceful Resolution' over Saudi Attack

THE GUARDIAN: Mike Pompeo says goal is to ‘get back on the diplomatic path’ following Trump’s remarks that the US was ‘locked and loaded’

The US secretary of state, Mike Pompeo, has said Washington and its allies were seeking a “peaceful resolution” with Iran in the wake of the attack on Saudi oil facilities, making clear that Washington would limit its initial response to further sanctions.

Pompeo’s remarks, made on his return trip to Washington after visits to Saudi Arabia and the United Arab Emirates, mark a significant cooling of rhetoric after Donald Trump had warned the US was “locked and loaded” and Pompeo had said the attack, which he blamed on Iran, was “an act of war”.

The Pentagon said its goal was “to deter conflict and get back on the diplomatic path” and stopped short of definitively blaming Tehran for the air strikes which knocked out half Saudi Arabia’s oil production, deferring to Riyadh to make that assessment. » | Julian Burger in Washington | Thursday, September 19, 2019

Will the Attacks on Saudi Oil Facilities Cripple Global Supplies? | Inside Story

Oil prices soar as Saudi Arabia tries to reassure market.

Saudi Arabia is trying to reassure the world that it will quickly recover from Saturday's attacks on its oil plants. However, the reassurance failed to stop oil prices soaring 19 percent - their highest-ever increase in a day.

Prices have since eased, but concerns remain about the 50 percent cut for the world's biggest crude exporter.

Houthi fighters in Yemen are vowing more attacks to cripple the Saudi economy. President Donald Trump warned that the US is 'locked and loaded' to respond, and ready to release emergency oil reserves if needed.

Will the attack force us to rethink our reliance on oil?

Presenter: Hashem Ahelbarra | Guests: Jawad Anani - Former Deputy Prime Minister of Jordan; Cornelia Meyer - Oil and gas specialist, Meyer Resources financial advisory firm; Bill Law - Journalist and Gulf affairs analyst