Oil drops as Saudi eyes non-military solution to Iran crisis

Oil prices fall more than one percent after Saudi Crown Prince Mohammed bin Salman says war with Iran will destroy global economy

Saudi Arabia's Crown Prince Mohammed bin Salman attends a meeting with US Secretary of State Mike Pompeo in Jeddah, Saudi Arabia on September 18, 2019.

"This means a total collapse of the global economy, and not just Saudi Arabia or the Middle East countries." Washington, Riyadh, Berlin, London, and Paris blame Iran for attacks that damaged the Saudi oil sector on September 14 and forced the world's largest crude exporter to sharply reduce production.Iran's oil minister meanwhile on Sunday ordered his country's energy sector to be on high alert to the threat of "physical and cyber" attacks.

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