Saudi Arabia threatens US with $200 oil and Russia

Saudi Arabia threatens US with $200 oil and Russia
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Doha, Oct 15, IRNA – Hours after Saudi Arabian government threatening statement to retaliate US likely sanctions, the general manager of the Saudi-owned Al-Arabiya satellite news network threatened Washington with $200 oil and coming close of the country to Iran and Russia.

He suggested Saudi Arabia could use its oil production as a weapon. Benchmark Brent crude is trading at around $80 a barrel, and Trump has criticized OPEC and Saudi Arabia over rising prices.

'If the price of oil reaching $80 angered President Trump, no one should rule out the price jumping to $100, or $200, or even double that figure,' Turki Aldakhil wrote.

It's unclear, however, whether Saudi Arabia would be willing to unilaterally cut production.

Aldakhil added that Saudi arms purchases from the US and other trade could be at risk as well. 'The truth is that if Washington imposes sanctions on Riyadh, it will stab its own economy to death, even though it thinks that it is stabbing only Riyadh!' he wrote.

Noting that likely sanctions will have numerous consequences in the Middle East, Aldakhil sanctions will drive Saudi Arabia towards Russia and nearing Russian will lead to coming close to Iran.

Middle East