Managing Iran’s Actions to Avoid Collapse of Global Economy

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Saudi Arabia’s Crown Prince, Mohammed bin Salman is warning that military conflict with Iran would collapse the global economy.  He made the statement during an interview with CBS’ 60 Minutes and said that he prefers a political solution over a military option.

“The region represents about 30 percent of the world’s energy supplies, about 20 percent of global trade passages, about four percent of the world GDP (gross domestic product),” said the crown prince. “Imagine all of these three things stop. This means a total collapse of the global economy, and not just Saudi Arabia or the Middle East countries.”

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