Saudi Arabia warns of military action as Iran conflict escalates – London Business News | London Wallet

Faisal bin Farhan Al Saud, the Saudi foreign minister, has issued a stark warning that Saudi Arabia may take military action against Iran as tensions in the region escalate.

This warning follows recent attacks in which Iranian forces struck an oil refinery and launched ballistic missiles toward Riyadh.

Al Saud stated, “This pressure from Iran will backfire politically and morally, and we certainly reserve the right to take military action if deemed necessary.”

The conflict has entered a dangerous new phase after an Israeli strike on the South Pars Gas Field, the world’s largest gas field, which drew condemnation from Donald Trump.

In retaliation, Iran has expanded its targeting of energy infrastructure across the Gulf, hitting facilities in Qatar, the United Arab Emirates, and Saudi Arabia. A significant attack on Qatar’s Ras Laffan Industrial City—its primary liquefied natural gas (LNG) site—caused extensive damage expected to take years to repair and resulted in a surge in energy prices of approximately 35 per cent.

The crisis could broaden further after Abdul-Malik al-Houthi signalled that Yemen’s Houthi movement might join the conflict on Iran’s side, stating the group is “in a state of readiness” and “all options at the military level are possible.

The implications for the UK are considerable, as Britain relies on liquefied natural gas imports for about 35 per cent of its domestic energy needs, leaving households and businesses vulnerable to further price shocks.

Despite oil prices rising to around $116 per barrel, Trump sought to reassure markets by insisting the conflict would be short-lived. He maintained that the United States had no prior knowledge of the strike on South Pars and described Iran’s retaliation against Qatar’s LNG infrastructure as “unjustifiable.”

However, with energy facilities increasingly under threat and regional powers warning of retaliation, concerns are growing that the conflict could escalate into a wider war, with serious repercussions for global energy markets and economic stability.