Mohammed bin Salman said a war between Saudi Arabia and Iran would ruin the global economy, following an attack on its oil facilities two weeks ago which it blames on Tehran.
Speaking to CBS News, he also said he accepted some responsibility for the killing of journalist Jamal Khashoggi.
But he denied personally ordering it.
The prince, who is considered the de facto ruler of Saudi Arabia, is suspected of personally targeting Mr Khashoggi, a Saudi journalist critical of the government in Riyadh.
Mr Khashoggi was killed in Saudi Arabia's consulate in Turkey on 2 October 2018.
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