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Biden Confirms U.S. and Israel Discussing Potential Strike on Iran's Oil Facilities, Oil Prices Surge

Oct 3, 2024, 02:35 PM

U.S. President Joe Biden has confirmed that discussions are underway with Israel regarding a potential strike on Iran's oil facilities. Biden mentioned that while these discussions are active, no immediate action is expected. The comments have led to a significant surge in oil prices, with crude oil jumping 5% to $77 a barrel. Biden's remarks come in response to a recent missile attack from Iran on Tuesday, and he indicated that any potential Israeli retaliation would not occur today.