Thursday, 19 July, 2018

Saudis will seek nuclear weapon if Iran does: minister

Saudi Crown Prince Mohammed bin Salman a face of great confidence for Arab youths as survey shows Saudi Crown Prince Mohammed bin Salman a face of great confidence for Arab youths as survey shows
Isabel Fisher | 10 May, 2018, 14:24

If the Trump administration reimposes all USA nuclear-related sanctions, including secondary sanctions targeting worldwide trade with Iran, then European countries will find it extremely hard to do business with Iran.

His comments came after Trump defied the wishes of the other parties to the nuclear deal - France, the UK, Germany, Russia and China - by announcing the U.S. would pull out of the accord and impose new sanctions on Tehran. This fact has been at the heart of Western and regional concerns over the nuclear work of Iran, Saudi Arabia's arch-rival which enriches uranium domestically.

Jubeir's renewed vow came after US President Donald Trump pulled the United States out of an accord created to prevent Tehran's alleged quest for the bomb.

Meanwhile, Iraqi Oil Minister Jabar al-Luaibi said on Wednesday that OPEC will discuss a possible shortfall in global crude oil supplies following Trump's decision to withdraw from the Iran nuclear deal.

While Gulf petro-states stand to benefit from a rise in prices, the U.S. move could mean new fissures in the region.

The statement said that in accordance with the goal of a nuclear-free zone in the Middle East, Iran should obtain nuclear weapons.

"What the full impact on Iranian flows will be is still hard to estimate", Petromatrix strategist Olivier Jakob said.


The outlines of that agreement remain unclear, and may not be entirely clear to Washington and Riyadh, but the understanding is vital to the successful implementation of sanctions.

Assuming the USA sanctions are effective in curbing Iran's crude exports, Saudi Arabia and its OPEC allies will have to raise their production to make up the shortfall, or risk being blamed for a further rise in motoring costs.

Trump has consistently been a harsh opponent of the Iran deal, calling it "the worst" and "defective at its core".

Some, however, support Trump's withdrawal from the deal.

The renewed sanctions are meant to force Iran to renegotiate a 2015 agreement over its nuclear program the country's leaders have said they will not revisit.

Iran's actions amount to a "declaration of war", the Saudi foreign minister warned on Wednesday, after two ballistic missiles were fired toward Riyadh by Tehran-backed Houthi militias. In March, Saudi Arabia's Crown Prince Mohammed bin Salman branded Iran's Supreme Leader Ayatollah Ali Khamenei as the "new Hitler".

Trump complained that the deal did not address Iran's ballistic missile program, its nuclear activities beyond 2025 or its role in conflicts in Yemen and Syria.

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