Saudi Arabia affirms desire to avoid war, stabilise oil markets

(FASTNEWS|COLOMBO) – Saudi Arabia’s council of ministers reiterated the country’s commitment to balancing global oil markets and preventing regional conflict amid tensions between Iran and the United States, SPA reported on Wednesday.

The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud chaired at a cabinet session at Al-Salam Palace in Jeddah on Tuesday evening.

Saudi “will do everything in its power to prevent any war and its hand is always extended to peace,” a cabinet statement said, adding the government was committed “to achieving balance in the (oil) market and working towards its stability on a sustainable basis.”

The Cabinet called on the international community to shoulder its responsibilities by taking a firm stance against the Iranian regime to coerce it to stop its behavior and prevent it from spreading destruction and chaos throughout the world.

It also urged the international community to act against Iran’s proxies, and to steer them away from recklessness and senseless behaviors so as to spare the region dangers and not to push the region toward undesirable consequences.

The Cabinet hoped that the 14th session of the Islamic Summit of the Organization of Islamic Cooperation (OIC), to be chaired by King Salman on May 31, under the theme of “Makkah Summit: Hand in Hand towards the Future”, would take a unified stance towards various issues and the ongoing developments in the Islamic world.

(With inputs from Reuters)