Saudi crown prince says world faces energy crisis with uncertain outcomes

Saudi Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz Al Saud said Wednesday that the world faces "an energy crisis with uncertain outcomes."



In his annual royal address inaugurating the third year of the Shura Council's ninth session on behalf of King Salman bin Abdulaziz Al Saud, the crown prince noted that Saudi Arabia has helped safeguard global energy security by maintaining oil supplies to international markets despite regional escalation, the Saudi Press Agency reported.



He said the kingdom had also taken the initiative to establish the Multinational Maritime Defense Alliance to enhance maritime security, protect shared interests in international sea lanes, and prevent the use of those lanes as tools of political or economic pressure.



Saudi Arabia, the crown prince added, is working with partners to strengthen international cooperation, reduce escalation, and defuse tensions in pursuit of regional and international stability.