US President Donald Trump has threatened to inflict “severe punishment” on Saudi Arabia if it is found to have killed the prominent Saudi journalist Jamal Khashoggi, who disappeared while visiting the Saudi consulate in Istanbul.Saudi Arabia, which has dismissed as “lies” claims by Turkish officials that Mr Khashoggi was murdered by Saudi agents, has vowed to respond to any punitive action by Western powers “with greater action”. But what are the possible implications? Saudi ties with West at risk over Khashoggi What we know about Saudi journalist’s disappearance Why Khashoggi case alarms Saudi activists 1. Oil supply and pricesSaudi Arabia possess about 18% of the world’s proven oil reserves and is the world’s biggest oil exporter, according to the Organization of the Petroleum Exporting Countries (Opec).This gives the country significant power and influence on the global stage. If, for example, sanctions were imposed by the US or other countries, the Saudi government could respond by cutting its oil production, which would push up global prices unless other exporters made up the shortfall. In an editorial published on Sunday, the general manager of Saudi-owned Al Arabiya TV, Turki Aldakhil, said that imposing sanctions on the kingdom would result in an “an… Read full this story
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