Saudi vows to 'hit back' at sanctions over Khashoggi

FILE PHOTO: Ford Executive Chairman Bill Ford poses next to a 1965 Ford Mustang GT during the 100 year celebration of the Ford River Rouge Complex in Dearborn, Michigan U.S. September 27, 2018.

"I am planning on going at this point", Mnuchin said on Friday of the investment conference, which is slated to start in Riyadh on 23 October. And added that five days ago a group tried to visit King Salman saying they were afraid for the future of the al-Saud family, they mentioned Mr Khashoggi's case and they were all put in jail.

Saudi insists Khashoggi, who entered the consulate for paperwork for his marriage to his Turkish fiancee, left the building safely but has yet to offer visual evidence of this.

"What has reportedly happened in Turkey ... if proved true, would clearly change the ability of any of us in the West to do business with the Saudi government", he said in a statement.

"I think we need to continue to evaluate the facts and we'll make that decision", he said. The kingdom's government and people are "as glorious and steadfast as ever", it said.

"They're playing catch-up with Donald Trump when it comes to condemnation of this and actually taking action and being prepared to stand firm".

The Saudis themselves are warning they'll respond to any "threats" against the kingdom.

US lawmakers, for their part, have come out more strongly.

"Markets start to price in a fundamental change in the nature of the relationship between the U.S. and Saudi Arabia", said Jaap Meijer, managing director and head of equity research at Arqaam Capital.

Yemeni Nobel Peace Prize laureate Tawakkol Karman (center) joins a demonstration outside the Saudi consulate in Istanbul earlier earlier this month.

Unconfirmed reports said that Khashoggi was likely killed inside the compound, which was denied by Saudi officials as "baseless".

They said there must be a credible investigation to establish the truth and "if relevant" identify those responsible for Khashoggi's disappearance.

"We encourage joint Saudi-Turkish efforts in that regard, and expect the Saudi Government to provide a complete and detailed response".

President Donald Trump has repeatedly blamed OPEC kingpin Saudi Arabia for rising gasoline costs, as prices continue to head in the wrong direction for American consumers with midterms coming up in less than four weeks' time.

"He also stressed the Kingdom's keenness on the interest of its citizens at home and overseas and its keenness in particular to clarify the whole truth about the disappearance of the citizen Jamal Khashoggi", the SPA said. The US has sought information from Saudi Arabia.

Turkish officials have said they believe Khashoggi was killed inside the consulate.

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

Britain, France and Germany have urged Saudi authorities to investigate the disappearance of journalist Jamal Khashoggi. Of 188 stocks traded on the exchange, 179 ended the day with a loss.

"We're gong to get to the bottom of it and there will be severe punishment".