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takyon writes:

Saudis preparing to admit Jamal Khashoggi died during interrogation, sources say

The Saudis are preparing a report that will acknowledge that Saudi journalist Jamal Khashoggi's death was the result of an interrogation that went wrong, one that was intended to lead to his abduction from Turkey, according to two sources.

One source says the report will likely conclude that the operation was carried out without clearance and transparency and that those involved will be held responsible.

One of the sources acknowledged that the report is still being prepared and cautioned that things could change.

The Washington Post columnist was last seen in public when he entered the Saudi consulate in Istanbul in Turkey on October 2. Previously, Saudi authorities had maintained Khashoggi left the consulate the same afternoon of his visit, but provided no evidence to support the claim.

Saudi Arabia could hike oil prices over the Khashoggi case. Here's why it would backfire

Saudi Arabia's not-so-veiled threat issued in a government statement Sunday emphasized its "vital role in the global economy" and that any action taken upon it will be met with "greater action". But as oil ticks upward, a look at history and geopolitics suggests that while a Saudi-driven oil price spike would bring pain for much of the world, it would ultimately backfire on itself.

"If this is something the Saudis were allowed to do, they'd be really shooting themselves in the foot," Warren Patterson, commodities analyst at ING, told CNBC's Squawk Box Europe on Tuesday. "In the short to medium term we'll definitely see an incremental amount of demand destruction, but the bigger issue is in the longer term."

Any action in withholding oil from the market, he said, "would only quicken the pace of energy transition."

Previously: Turkey Says that a Missing Critic of the Saudi Government was Killed in Saudi Consulate in Istanbul

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