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Managing Iran’s Actions to Avoid Collapse of Global Economy

Iran oil and petrol industry concept, industrial illustration on Iran flag background. 3D Illustration
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Posted: September 30th, 2019

By Norman T. Roule

Norman Roule is a geopolitical and energy consultant who served for 34 years in the Central Intelligence Agency, managing numerous programs relating to Iran and the Middle East. As NIM-I at ODNI, he was responsible for all aspects of national intelligence policy related to Iran, including IC engagement with senior policymakers in the National Security Council and the Department of State.

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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Categorized as:Middle East ReportingTagged with:

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