The price of oil has surged on world markets after President Biden said the US was discussing the possibility of Israeli strikes on Iran’s oil infrastructure.
When asked if he would support such strikes, Mr Biden said: “We’re discussing that”. Mr Biden has previously said he would not support Israeli strikes on Iranian nuclear facilities.
Some world oil prices have risen 10% since Iran carried out a mass missile attack on Israel in recent days. Israel’s Prime Minister Benjamin Netanyahu said Iran would pay a heavy price” for the attack, leading to speculation that his country may target Iran’s oil refineries and installations.
Clive Myrie presents BBC News at Ten reporting by economics editor Faisal Islam.
Subscribe here: http://bit.ly/1rbfUog
For more news, analysis and features visit: www.bbc.com/news
#BBCNews
russia cut off oil to europe , then europe got oil from iran NOW iran cut off europe. THIS MEANS europe will ask U.S for more oil. WE gave them oil last time , now we are going to do it again. EXSPECT OIL TO RISE , this means gas will skyrocket this winter.
Israeli and america make war in the world,why you are doesn’t know humanity and peace?
Hello