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Oil Prices Surge Following Biden’s Mention of Potential Israeli Attack on Iranian Facilities


During a recent press conference, the president was questioned about the possibility of a strike on Iran’s oil infrastructure, which is responsible for approximately 2 percent of the world’s oil supply. The president’s response was measured, stating that all options are on the table and that any decision would be made with careful consideration.

The potential impact of a strike on Iran’s oil infrastructure is significant, as it could result in disruptions to the global oil supply and potentially lead to a rise in oil prices. This could have far-reaching consequences for the global economy, as oil is a key commodity that influences many industries and markets.

While the president did not provide specifics on any potential strike, the fact that it is being discussed raises concerns about the stability of the region and the potential for further escalation of tensions between the US and Iran. The president’s comments were seen as a signal that the US is willing to take decisive action if necessary to protect its interests in the region.

As the situation continues to evolve, it is important for all parties involved to exercise caution and to consider the potential consequences of their actions. A strike on Iran’s oil infrastructure could have serious implications for the global economy and could lead to further unrest in the region.

Overall, the president’s comments on the potential strike on Iran’s oil infrastructure highlight the delicate balance between maintaining security and stability in the region while also considering the potential impact on the global economy. It is a complex issue that requires careful consideration and diplomacy to ensure the best possible outcome for all parties involved.

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Photo credit www.nytimes.com

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