Saudi Official Says Oil Price Could Triple in Event of Military Conflict Over Ir

VOA News – Saudi Arabia’s ambassador in Washington said Tuesday that a military conflict with Iran would double or triple the price of oil.

Saudi Ambassador Turki Al-Faisal said military conflict with Iran would be counterproductive and would turn the Persian Gulf into an inferno. Faisal spoke to reporters in Washington.

“Definitely you would see, if you’re talking about $70 a barrel oil now, you would see that perhaps double or triple as a result of the conflict,” he said.

VOA News