President Biden's recent comments on potential U.S. support for Israel striking Iran's oil facilities have sent shockwaves through the market, leading to a 5% spike in WTI crude prices. However, the ambiguity in his statement suggests there's still uncertainty, and it could be reconsidered.

Key Points:

- Biden was asked if the U.S. would back Israel in striking Iran's oil facilities.

- His response: "We're discussing that. I think that would be a little... anyway," indicating it's under consideration but not confirmed.

- He added: "Nothing will happen today," implying no immediate decision.

Market Impact:

- WTI crude surged 5% following Biden's comment.

- Ongoing speculation about U.S.-Israel coordination on Iran could keep energy markets volatile.

What to Watch For:

- Any official clarification from the U.S. administration.

- Oil markets are expected to react strongly to further developments.

What’s your take? Will oil prices continue to rise? Share your thoughts, tips, or comments below!

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