Saudi Crown Prince Mohammed bin Salman has warned that oil prices may soar if the world does not act to deter Iran.

Prince bin Salman was quoted by the BBC as saying – failure to act could embolden Iran and lead to war, which would ruin the global economy.

The prince was speaking after an attack on oil facilities – which he blames on Tehran.

Mohammed bin Salman also said he accepted some responsibility for journalist Jamal Kha-shog-gi’s killing.

But, speaking to CBS News, he denied personally ordering it.

The prince, who is considered the de facto ruler of Saudi Arabia, is suspected of personally targeting Mr Kha-shog-gi, a Saudi journalist critical of the government in Riyadh.

Kha-shog-gi was killed in Saudi Arabia’s consulate in Turkey on the 2 October 2018.

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