Saudi Arabia rules out oil weapon

Saudi Arabia, the world’s biggest crude exporter, believes oil should not be used as a weapon because it is the economic lifeline of Arab states, its foreign minister said.

Asked whether the oil weapon should be used if the conflict between Israel and Hizbollah escalates, Prince Saud al-Faisal said: “The two issues should not be mixed because oil is among the economic capabilities that countries… need to meet their obligations toward their citizens.