Saudi cabinet affirms desire to avoid war, stabilise oil markets

The kingdom "will do everything in its power to prevent any war and its hand is always extended to peace," a cabinet statement said.
Wednesday 22/05/2019
Saudi Minister of Energy, Industry and Mineral Resources Khalid al-Falih prepares to chair a meeting of energy ministers from OPEC and its allies to discuss prices and production cuts, in Jeddah, Saudi Arabia, Sunday, May 19, 2019. (AFP)
Saudi Minister of Energy, Industry and Mineral Resources Khalid al-Falih prepares to chair a meeting of energy ministers from OPEC and its allies to discuss prices and production cuts, in Jeddah, Saudi Arabia, Sunday, May 19, 2019. (AFP)

RIYADH - 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, state media reported on Wednesday.

The kingdom "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."

(Reuters)