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Saudi Arabia says it will retaliate if Trump imposes sanctions

Dubai, United Arab Emirates • Saudi Arabia on Sunday threatened to retaliate for any sanctions imposed against it after President Donald Trump said the oil-rich kingdom deserves “severe punishment” if it is responsible for the disappearance and suspected murder of Washington Post contributor Jamal Khashoggi.

The warning from the world's top oil exporter came after a turbulent day on the Saudi stock exchange, which plunged as much as 7 percent at one point.

The statement was issued as international concern grew over the writer who vanished on a visit to the Saudi Consulate in Istanbul over a week ago.