Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Sep 20, 2019

Zarif Warns of ‘All-Out War’ If U.S. or Saudis Strike Iran

STOCKS IN THIS STORY
Goenka Business & Finance Ltd.
--
Cosco (India) Ltd.
--
Nifty Capital Markets
--
Nifty Top 20 Equal Weight
--
USD-INR
--
MSCI World
--
Pritika Auto Industries Ltd
--
SAB Events & Governance Now Media Ltd.
--
MSCI AC Asia ex-Japan
--
BSE Oil & Gas
--
Regency Investments Ltd.
--
Lawreshwar Polymers Ltd.
--
Thirani Projects Ltd.
--

(Bloomberg) -- Iran's foreign minister warned that any U.S. or Saudi strike on his country in response to the attacks on the kingdom's critical oil facilities would lead to “all-out war.”

In an interview with CNN, Javad Zarif reiterated that Iran wasn't involved in the weekend attacks and hoped to avoid a conflict. He said Yemen's Iran-backed Houthi rebels, who have been fighting a Saudi-led coalition for four years and claimed responsibility, had the capability to carry out such a sophisticated operation.

“I cannot have any confidence that they did it because we just heard their statement,” Zarif said. “I know that we didn't do it. I know that the Houthis made a statement that they did it.”

Saudi and U.S. officials have said that the drones and missiles used were made by Iran, had never before been deployed by Iranian proxy groups, and came from a northerly direction, ruling out Yemen as a launch site. But they stopped short of saying the strikes were launched directly from or by the Islamic Republic, claims that could have propelled a drift toward war. The attacks caused an unprecedented surge in oil prices.

Saudi Arabia Still Doesn't Know Launch Site for Oil Attacks

Asked what the consequence of a U.S. or Saudi military strike on Iran would be, Zarif said: “All-out war,” CNN reported.

“I make a very serious statement about defending our country,” he said. “I am making a very serious statement that we don't want to engage in a military confrontation.”

The attacks have damped speculation that President Donald Trump and his Iranian counterpart, Hassan Rouhani, could meet at the United Nations General Assembly in New York next week. The U.S. reimposed sanctions on Iran after exiting the 2015 nuclear deal, kicking off a year of increasingly fraught relations. Nevertheless, Iranian officials signaled they had their visas to travel to New York.

Read more: Trump-Rouhani Summit Hopes Wither

The disputed weekend attacks sent tensions in the Gulf soaring to new heights.

U.S. Secretary of State Mike Pompeo held talks in the United Arab Emirates on Thursday after visiting the Saudi Arabian city of Jeddah, as the allies plot their next move.

Talking to reporters, Pompeo said he'd gathered “important information about how it is we should think about proceeding,” adding that Trump still wants a peaceful resolution to the issue.

Pentagon officials were more direct, saying they would defer to Saudi authorities.

“We're going to allow the Saudis to make the declarations of where the attacks came from,” Defense Department spokesman Jonathan Rath Hoffman told reporters Thursday. He added that ‘all indications” are that Iran is “in some way responsible.”

Trump, who as a candidate campaigned to end America's foreign wars, initially declared the U.S. “locked and loaded” for a response, and on Thursday said it was possible there wouldn't be a “peaceful solution.”

But he's also announced a tightening of sanctions on Iran, adding to the sense that he's working to avoid another military conflict in the Middle East.

--With assistance from Tony Capaccio and Glen Carey.

To contact the reporter on this story: Shaji Mathew in Dubai at shajimathew@bloomberg.net

To contact the editors responsible for this story: Lin Noueihed at lnoueihed@bloomberg.net, Bill Faries, Larry Liebert

©2019 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search