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Biden Discusses Potential Israeli Strike on Iranian Oil Facilities, Oil Prices Surge 5%

Oct 3, 2024, 02:18 PM

President Joe Biden has stated that discussions are ongoing regarding the possibility of Israel striking Iran's oil facilities. This statement has caused a significant reaction in the oil market, with crude oil prices skyrocketing by 5% to $77 a barrel. Biden's comments came in response to a question about whether he would support such an action in retaliation for a recent missile attack. The potential strike on Iranian oil facilities has raised concerns about its impact on global oil supply and prices.