An official spokesman for the energy ministry said Tuesday that following the US decision to withdraw from the nuclear agreement with Iran, Saudi Arabia "would work with major producers within and outside OPEC, as well as major consumers to mitigate the impact of any potential supply shortages". But in order not to lag too far behind Iran's capabilities, they would likely tie their pledge to Iran's enrichment activities.
He added that Saudi Arabia's "message to the Iran leadership is the policies of the past have got to come to end".
The sanctions could impact Iran's ability to export oil.
Riyadh, which leads a regional coalition that meddling in Yemen's civil war to fight the Houthis, accuses Iran of supplying the militia with ballistic missiles.
Saudi authorities said air defences intercepted two ballistic missiles over Riyadh on Wednesday after four loud booms were heard in the capital.More news: Air France-KLM shares plummet in aftermath of CEO Janaillac 's resignation
Trump has repeatedly threatened to rip up the Iran accord, which he has described as "the worst deal ever".
This would make the United States the world's largest producer, ahead of both Russian Federation and Saudi Arabia.
But the US request is more complicated this time.
Abdulaziz al-Sager, head of the Jeddah-based Gulf Research Centre, said the message was significant in that it reflected Gulf concerns.
"Following the United States withdrawal from the Iran deal, I would like to confirm our commitment to oil market stability for the benefit of producers and consumers", Falih said in a tweet.More news: Takeda Pharma to Buy Rare Disease Drugmaker Shire for $62 Billion
"Months before it became clear that Mr. Trump had a decent shot at being elected, the Iranian military increased support for President Bashar al-Assad in Syria; it expanded its influence in Iraq and accelerated its support for terror groups".
It would be hard to replace Iranian oil given the "commercial terms" offered by Tehran, he said.
Some, however, support Trump's withdrawal from the deal.
US politicians will want to avoid being blamed for a further escalation in the run up to congressional elections in November.
The previous rapprochement between both Iran and the United States under the Obama administration is at serious risk.More news: Raptors aim to avoid sweep as betting underdogs vs. Cavs
Saudi Arabian Crown Prince Mohammed bin Salman told CBS News in March, "Saudi Arabia does not want to acquire any nuclear bomb, but without a doubt, if Iran developed a nuclear bomb, we will follow suit as soon as possible". "The consequences could be severe", said Joost Hiltermann, Program Director, Middle East and North Africa at the International Crisis Group.
- Details Surrounding Nintendo Online Services Emerge
- Triple murder suspect kills himself after standoff, police say
- Trump tells West Virginia Republicans Blankenship can not win Senate race
- Armenia Opposition Leader Pashinyan Elected New PM
- Red Sox-Yankees Will Play Two Games In London In 2019
- Instagram To Add Music To Posts, Code Reveals
- Top Chinese economic adviser to visit USA next week for trade talks
- Facebook US users still loyal to the social network, research reveals
- God of War Photo Mode Launches Today
- Reuben Foster threw girlfriend's dog across room during domestic-violence incident