Published: Mon, October 15, 2018
Markets | By Noel Gibbs

Donald Trump Tweets: Saudi King "Denies Any Knowledge" Of WaPo Contributor Disappearance

Donald Trump Tweets: Saudi King

Saudi Arabia has said it would retaliate if any sanctions are imposed.

"The kingdom emphasizes that it will respond to any measure against it with an even stronger measure", the official said, according to SPA.

The anxieties were exacerbated by an opinion piece penned by Turki Al Dakhil, who heads the state-owned Arabiya news network and is close to the Royal Court, in which he openly talked about using oil as a weapon. Oil consumption is lower today than in 1974 in Germany, Japan, France, Italy and the United Kingdom.

President Trump's fluid response to the disappearance of Washington Post contributor Jamal Khashoggi flowed back toward Not My Problem on Twitter this morning. Authorities there believe he was killed in the building by Saudi agents, which Riyadh has dismissed as "lies".

President Trump and his aides are said to be more and more convinced that the Washington Post writer died after entering the Saudi consulate in Istanbul on October 2 to pick up a document for his wedding.

Saudi Interior Minister, Prince Abdulaziz bin Saud bin Naif bin Abdulaziz, "stressed that what has been circulating in terms of supposed orders to kill Jamal are outright lies and baseless allegations against the Kingdom's Government, which is committed to its principles, rules and traditions and is in compliance with global laws and conventions".

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Khashoggi, a prominent Saudi journalist, disappeared after entering the kingdom's consulate in Istanbul on October 2.

The inspection was agreed after a Saudi delegation of a dozen officials arrived in Turkey while Saudi King Salman and Turkish President Recep Erdogan spoke on the phone yesterday.

After gathering information from the Turks and the joint team, "the feeling from the leadership was we needed an internal investigation to make sure we're getting the right story here", the official said.

Saudi Arabia has denied these reports.

"When the president warns, people should take him at his word", he told Fox.

Trump said he plans to review recordings from the Turkish Government that purport to show evidence of Khashoggi's killing. "He (Trump) will take action".

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Saudi Arabian equities slumped as much as 7% Sunday on concern over possible USA measures.

The kingdom's Tadawul All-Shares Index (TASI) lost more than 500 points, diving by seven percent in the first two hours of trading Sunday, in panic selling reminiscent of the days after the global financial crisis in 2008.

That fear appeared to spread on Monday to Japan's SoftBank, which has invested large sums of Saudi money.

"It's looking like he perhaps won't be or isn't around and that's very sad", Trump said of Khashoggi.

"The withdrawal of top participants from the Riyadh investment conference has also negatively impacted traders' sentiment", he told AFP.

Ford Motor Co Chairman Bill Ford also pulled out, as well as media organisations like CNN and Bloomberg which once served as sponsors of the conference.

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Khashoggi, a familiar face on Arab talk shows, moved to the United States a year ago fearing retribution for his criticism of Prince Mohammed, who has cracked down on dissent with arrests.

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