Global pressure continues to mount against Saudi Arabia.
According to a Turkish presidential source, who asked not to be named, Erdogan and the king discussed "the issue of shedding light on the case of Jamal Khashoggi" and also emphasised the "importance of creating a joint working group within the framework of the investigation".
The statement aired on Saudi Arabian state media came after the country's stock market plunged by almost 7 per cent at one point on Sunday.
Jamie Dimon will not be attending "Davos in the desert".
White House economic adviser Larry Kudlow declined to speculate on what Trump might do after the president promised "severe punishment" in a "60 Minutes" interview if the us determines that Khashoggi was indeed killed inside the Saudi consulate.
Turkey said Erdogan "stressed the forming of a joint working group to probe the case.' Saudi Arabia, meanwhile, said King Salman thanked Erdogan 'for welcoming the kingdom's proposal" for forming the working group. Benchmark Brent crude now trades above $80 a barrel and USA gasoline prices have risen ahead of the midterm elections. Rubio said Sunday that U.S. -Saudi relations may need to be "completely revised".
Jamal Khashoggi has been missing since October 2, and Turkish authorities have claimed they have audio and video evidence that he was killed in the Saudi consulate, dismembered, and taken out unnoticed.
One person familiar with the Saudi plans said on Monday that the Saudi government was preparing to describe a scenario that would protect the prince from any blame.
While crude prices rose nearly 2 percent after Saudi Arabia pledged to retaliate and said it had an "influential and vital role in the global economy", it's far from certain that it will use energy as a weapon.
Saudi Arabia will retaliate against any punitive measures with an even "stronger" response, the official news agency reported, in an apparent reaction to United States President Donald Trump's threats to take action over the disappearance of a prominent government critic. Turkey says an "inspection" of the consulate is expected to take place later on Monday, almost two weeks after Saudi journalist after Jamal Khashoggi disappeared there. Benchmark Brent crude is trading at around $80 a barrel, and Trump has criticized OPEC and Saudi Arabia over rising prices.
Google Cloud CEO Diane Greene joined the increasing list of prominent US technology and business executives distancing themselves from the Saudi Arabian government's Future Investment Initiative, an event that has been overshadowed by reports of the government's role in executing a journalist.
It's not clear yet when Pompeo might go to meet the Saudi king.
Mohammed Zidan, market strategist at Thinkmarket in Dubai, said the drop in Saudi stocks was the result of panic selling because of several political and economic factors.
Prince Mohammed, King Salman's son, has aggressively pitched the kingdom as a destination for foreign investment.
But has has also expressed a reluctance to punish the kingdom economically or militarily, especially in terms of reducing the sale of billions of dollars worth of USA arms to the Saudis. Those policies are all seen as initiatives of the crown prince.