Biden signals support for possible Israeli strikes on Iranian oil facilities

US President Joe Biden has confirmed that he is in support potential Israeli strikes on Iranian oil facilities in light of recent missile attacks launched by Tehran against Israel. This statement, made during a press briefing at the White House, comes as both nations navigate a precarious diplomatic landscape.

When asked by reporters whether he supported such military action by Israel, Biden’s acknowledgment of ongoing discussions reflects the US administration’s focus on responding to Iranian aggression. Iran has already issued stark warnings, stating that any Israeli attack would provoke an “unconventional response” targeting Israeli infrastructure.

Following Biden’s comments, oil markets reacted sharply. West Texas Intermediate (WTI) crude surged as much as 5 percent, eventually stabilizing around $73 per barrel, while Brent crude, the international benchmark, climbed approximately 4 percent to reach $76.81. This volatility underscores the market’s sensitivity to geopolitical developments in the region.

Also Read:New Japanese PM faces early test amid scandal, defence pledges ahead of election

Earlier in the briefing, Biden tempered expectations regarding immediate military action, stating, “I do not expect Israel to strike Iran today.” Nevertheless, the mere possibility of such strikes has significant implications, not only for regional stability but also for global energy markets.

As tensions continue to mount, the international community is closely monitoring the situation, weighing the potential consequences of any military escalation in the already volatile Middle East.