Should a military conflict break out between Saudi Arabia and Iran, it will cause global mayhem, Saudi Crown Prince Mohammed bin Salman said in an interview that aired Sunday on 60 Minutes.
In the interview, bin Salman said the price of crude oil would spike to “unimaginably high numbers” if there is a war. “The region represents about 30 percent of the world’s energy supplies, about 20 percent of global trade passages, about 4 percent of the world GDP,” he said. “Imagine all of these three things stop. This means a total collapse of the global economy, and not just Saudi Arabia or the Middle East countries.”