Oil price surges on fears of Israeli strikes against Iran | AB NEWS

Oil prices have surged in global markets following President Biden's statement that the U.S. is considering the possibility of Israeli strikes on Iran's oil infrastructure. When asked if he would back such actions, Biden responded, "We're discussing that." Previously, he had stated he would not support Israeli strikes on Iranian nuclear facilities.

Since Iran's recent mass missile attack on Israel, some oil prices have increased Oil prices have surged in global markets following President Biden's statement that the U.S. is considering the possibility of Israeli strikes on Iran's oil infrastructure. When asked if he would back such actions, Biden responded, "We're discussing that." Previously, he had stated he would not support Israeli strikes on Iranian nuclear facilities.

Since Iran's recent mass missile attack on Israel, some oil prices have increased by 10%. Israel’s Prime Minister Benjamin Netanyahu warned that Iran would "pay a heavy price" for the attack, fueling speculation that Israel may target Iran’s oil refineries and facilities.sed by 10%. Israel’s Prime Minister Benjamin Netanyahu warned that Iran would "pay a heavy price" for the attack, fueling speculation that Israel may target Iran’s oil refineries and facilities.