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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