Biden's remarks on potential Israeli strikes raise concerns about geopolitics and oil prices.

On Wednesday, President Joe Biden indicated discussions regarding potential Israeli strikes on Iranian oil facilities, leading to a 5% increase in oil prices the following day. While clarifying he does not expect Israel to act on this, the speculation about retaliation following Iran's missile attacks has raised geopolitical concerns. Biden's comments have heightened market anxiety about the situation and its implications for oil prices.

October 03, 2024
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