Biden says US ‘discussing’ possible Israeli strike on Iran oil, markets react

[KARAH RUCKER]

President Joe Biden SAYS the United States is **discussing potential Israeli strikes on Iran’s oil FACILITIES.

SOON AFTER THE COMMENTS – OIL MARKETS JUMPED – THE PRICE OF CRUDE OIL SPIKING 5 PERCENT –

THE LARGEST ONE DAY INCREASE SINCE THE START OF THE ISRAEL HAMAS WAR.

BIDEN’S COMMENTS COMING IN A BRIEF RESPONSE BY THE PRESIDENT TO A QUESTION BY REPORTERS OUTSIDE THE WHITE HOUSE THURSDAY.

[REPORTER]

Would you support striking Israel supporting Iran’s oil facilities, sir?

[JOE BIDEN]

“We’re in discussions about that. I think that would be a little…anyway…”

[KARAH RUCKER]

WHILE BIDEN SUGGESTS IRAN’S **OIL FACILITIES COULD BECOME A POTENTIAL TARGET –

BIDEN SAID ON WEDNESDAY HE OPPOSES ANY HITS TO IRAN’S **NUCLEAR SITES. 

IRAN IS REACTING TO THE POTENTIAL OF A RETALIATORY HIT.

In a warning issued from Iran’s mission at the United Nations ON THURSDAY, the country cautioned – “ANY COUNTRY RENDERING ASSISTANCE TO ISRAEL WILL BE DEEMED “AN ACCOMPLICE” AND A “LEGITIMATE TARGET” –

ADVISING THE U.S. AND OTHERS TO STAY OUT OF IRAN AND ISRAEL’S CONFLICT.

The swift reaction from oil markets on thursday INDICATING INVESTORS ARE ON EDGE –

CONSIDERING THE IMPLICATIONS OF A BROADER CONFLICT.

PARTICULARLY THE DISRUPTION TO “THE STRAITS OF HORMUZ”.

ONE OF THE WORLD’S MOST CRUCIAL MARITIME PASSAGES FOR OIL AND LIQUEFIED NATURAL GAS.

The situation escalated earlier this week when Iran launched around 180 ballistic missiles at Israel, calling it retaliation for the deaths of Hamas and Hezbollah leaders. In response, Israeli Prime Minister Benjamin Netanyahu vowed that Iran “will pay a heavy price” for its actions.

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FOR S-A-N – I’M KARAH RUCKER.