Iran launched more than 300 drones and missiles against military targets in Israel, prompting concerns of a regional war and potential disruption of oil supplies. President Joe Biden described the attack as unprecedented.
Iran launched more than 300 drones and missiles against military targets in Israel on Saturday in an attack that President Joe Biden described as"unprecedented."
The West Texas Intermediate contract for May delivery hit a session high of $87.67 on Friday, while June Brent futures rallied to $92.18. U.S. crude closed at $85.66 a barrel Friday, while the global benchmark settled at $90.45. WTI futures began the year around $71 a barrel.The U.S. intervened to directly help Israel shoot down nearly all of the incoming munitions, Biden said in a statement Saturday.
The attack was retaliation for an Israeli strike against the Islamic Republic's diplomatic facilities in Damascus, Syria earlier this month that killed seven Iranian military officials including a senior commander.urging oil prices may challenge the Federal Reserve’s inflation fightBig oil is racing to scale up carbon capture to slash emissions but the challenges are immenseJPMorgan says oil could rise to nearly $100 a barrel on Russia’s ‘surprising’ actions ahead of U.S.
U.S. National Security spokesperson John Kirby told NBC News'"Meet the Press" Sunday that Biden does not want a wider with Iran."The coming hours and days will tell us a lot," Kirby said.
Iran Israel Air Assault Military Targets President Joe Biden Regional War Oil Supplies
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