Saudi Arabia using the 'oil weapon option' could cause prices to soar to $150
- There is increasing evidence Saudi Arabia was behind the disappearance of Jamal Khashoggi, a US resident who has been a critic of the crown prince.
- After the US threatened sanctions against Saudi Arabia, the oil-rich country seemed to hint at its ability to hit back through the energy market.
- Analysts see a 1973-style embargo as unlikely, but warn oil prices could hit triple-digits if tensions escalate.
Published October 17, 2018
Join the discussion — please keep to our Community Guidelines.