The US is grappling with the potential consequences of a possible Israeli strike on Iranian oil facilities, as tensions in the Middle East continue to escalate. President Joe Biden addressed the topic on Thursday, sending shockwaves through the markets and causing both crude oil prices and the US dollar to surge.
When asked if he would support Israel striking Iranian oil facilities, Biden responded somewhat vaguely, stating, “We’re discussing that. I think that would be a little… anyway.” While he did not explicitly endorse such an action, his acknowledgment of these discussions fueled speculation and heightened concerns about a potential escalation of conflict.
Biden, however, offered a glimmer of hope by suggesting that Israel would not take any immediate action against Iran— at least not on Thursday itself. This reassurance came amidst growing anxieties about the potential ramifications of an Israeli strike, which could have far-reaching consequences for the region and global energy markets.
It is important to note that Israeli Prime Minister Benjamin Netanyahu has shown little inclination towards restraint in recent days. His assertive stance has fueled concerns that he may be willing to take decisive action against Iran, potentially igniting a wider conflict. The situation remains fluid and fraught with uncertainty, leaving the international community on edge as tensions in the Middle East simmer at a dangerous level.
