Says oil prices could spike to unimaginably high levels if the world doesnt come together to deter iran theyve been attacks on the saudi oil sector the Worlds Largest crude exporter sharply reducing production still havent been so and says he prefers a political solution to a military one thats helping ease Oil Prices Today but not the saudis worries fitch has downgraded their Credit Rating citing the rising tensions. Saudi arabias message is clear an Armed Conflict with iran would have catastrophic implications for the Global Economy and send markets reeling its a stark warning and one riyadh hopes will prevent Military Action by its long time rival a spate of attacks on Saudi Oil Facilities allegedly orchestrated by iran earlier this month led to a huge spike in Crude Oil Prices as saudi output sputtered in a rare interview with u. S. Broadcaster c. B. S. The Saudi Crown Prince issued a stern call to action. And that if the world does not take a strong and firm action to deter iran w
Chinese President Xi Jinping on Friday told top US diplomat Antony Blinken that the world's two biggest economies should be "partners, not rivals", but that there were a "number of issues" to be resolved in their relations."There are still a number of issues that need to be resolved, and there is still room for further efforts," the Chinese leader added.