Oil price warning from Saudi crown prince - sportstextiles: Lea SportsTextiles

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Oil price warning from Saudi crown prince

30/09/2019
Saudi Arabia’s crown prince, Mohammed bin Salman, has said in an interview with US media that the further escalation of tensions between his country and Iran could lead to crude oil prices reaching “unimaginably high numbers”.

Crude prices affect the value of all oil-derived materials, including synthetic fibres.

Speaking on CBS at the end of September, Mohammed bin Salman said he hoped for a political resolution to the tension between Iran and Saudi Arabia. He warned that if military action ensues, it would collapse the global economy.


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