Saudi finance minister warns prolonged Iran conflict will damage oil supply chains

Investing.com -- Saudi Arabia's Finance Minister Mohammed Al-Jadaan warned on Thursday that supply chain disruptions, particularly in oil, could worsen unless the Iran conflict is resolved quickly.

Speaking at the FII PRIORITY Summit in Miami on Thursday, Al-Jadaan said the global economy needs swift action to prevent further damage.

"We really need to make sure we resolve the conflict very quickly and come together to do that for the global economy not to be impacted even more," Al-Jadaan said.

The minister noted that recent weeks have already shown disruptions exceeding those experienced after COVID-19.

"What we saw in the last few weeks is an impact beyond what we have seen even post-COVID, in terms of supply chain disruption and if this continues, I think we will see even more severe impact," Al-Jadaan said

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