"There are simple procedures, that are part of over 30 others, that Riyadh will implement directly, without flinching an eye if sanctions are imposed", he said. The article begins by noting that Silicon Valley startups such as WeWork, DoorDash, Wag, and Slack all wouldn't exist without investments from the Kingdom of Saudi Arabia.
He warned that any sanctions would lead to the kingdom's "failure to commit" to specific levels of oil production and "if the price of oil reaching $80 angered President Trump, no one should rule out the price jumping to $100, or $200, or even double that figure".
The Saudi Embassy in Washington later tweeted what it called a clarification, thanking countries including the United States "for refraining from jumping to conclusions" over the case.
"To help clarify recently issued Saudi statement, the Kingdom of Saudi Arabia extends its appreciation to all, including the USA administration, for refraining from jumping to conclusions on the ongoing investigation", the statement said.
The Saudi stock market lost $33bn (€28bn) of its value yesterday amid investor worries about deteriorating global relations, one of the first signs of the economic pain that Riyadh could suffer over the affair. The index recovered some ground later to close 3.5% down.
What happened to Jamal Khashoggi?
The Sunday statement by France, Germany and the United Kingdom said the countries "encourage joint Saudi-Turkish efforts" and "expect the Saudi government to provide a complete and detailed response".
On Monday JP Morgan & Chase Co Chief Executive Jamie Dimon and Ford Motor Co Chairman Bill Ford said they canceled plans to attend Saudi "Future Investment Initiative" conference, joining a number of companies that pulled out over concerns about the disappearance Khashoggi.
"We encourage joint Saudi-Turkish efforts in that regard, and expect the Saudi government to provide a complete and detailed response", they added. Moreover, the incident has given rise to a myriad of reactions among US Senators, ranging from boycotting an upcoming economic summit to ending support for Saudi military operations.
The case has provoked an worldwide outcry against Saudi Arabia, the world's top oil exporter, with more media and business executives pulling out of a planned investment conference there this month.
It's also spooked major foreign investors, several of whom have withdrawn from the prince's flagship investment conference in Riyadh this month.
The drop in the Tadawul exchange in Riyadh happened Sunday, the first day of trading.
Khashoggi, whose writings criticized the Saudi government, has not been seen since October 2, when he walked into the Saudi Consulate in Istanbul to obtain a document for his upcoming wedding.
Other countries in Europe like Britain, Germany and France have issued a joint statement, reported CNN.
Turkey accepted a Saudi proposal last week to form a joint working group to investigate Khashoggi's disappearance.
Before Monday Trump had focused less on possible explanations for Khashoggi's likely demise than on possible punishment if the Saudis were found culpable.
In an interview to be aired Sunday, Trump told CBS' "60 Minutes" that "We're going to get to the bottom of it and there will be severe punishment". "When we arrived at the consulate, he went right in". "I've heard that report but nobody's knows if it's an official report".
Saudi Arabia's Interior Minister Prince Abdulaziz bin Saud bin Naif bin Abdulaziz said that the reports are "lies and baseless allegations against the government of the Kingdom", reported CNN.