17.9 C
Perth
June 16, 2019
Business Latest Middle East Muslim World Saudi Arabia Top Stories World

Saudi cabinet says to stabilize oil markets, avoid regional conflict

RIYADH: Saudi Arabia has reiterated the country’s commitment to balancing the global oil market and avoid regional conflict.

The country’s council of ministers met here amid tension between Iran and the United States.

The council said Saudi Arabia will balance the global oil markets and preventing regional conflict.

The state media said that kingdom reiterate to do everything in its power to prevent any war, saying ‘its hand is always extended to peace.’

The statement after the cabinet meeting said the government was committed to achieving balance in the (oil) market and working toward its stability on a sustainable basis.