Saudi Arabian crown prince Mohammed bin Salman is under immense pressure after the journalist Khashoggi disappeared, writes David A Andelman

What happens to the price of oil in the coming months will be critical to the global inflation outlook, and, of course, to the monetary policy of the world’s major central banks.

Saudi Arabia will only freeze its oil output if Iran and other major producers do so, the kingdom’s deputy crown prince said, challenging the country’s main regional rival to take an active role in stabilising the over-supplied global crude market.