Saudi prince urges to take "firm action" to deter Iran

Oil prices could spike to "unimaginably high numbers" if the world does not come together to deter Iran, Saudi Arabia’s crown prince Mohammed bin Salman said, speaking to the CBS program '60 Minutes'.

"If the world does not take a strong and firm action to deter Iran, we will see further escalations that will threaten world interests," Mohammed bin Salman said. "Oil supplies will be disrupted and oil prices will jump to unimaginably high numbers that we haven’t seen in our lifetimes," Reuters cited him as saying.

The crown prince said he agreed with U.S. Secretary of State Mike Pompeo that the Sept. 14 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 political and peaceful solution is much better than the military one," Mohammed bin Salman stressed.

The crown prince also said U.S. 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.