Israeli Strikes on Iran Oil Facilities

President Joe Biden has confirmed that the United States is engaged in discussions concerning possible Israeli military actions targeting Iran’s oil facilities. When pressed about whether he would support such strikes, Biden responded, “We’re discussing that,” the BBC reported. 

The situation intensified after Iran launched a missile attack on Israel earlier this week, which sent Brent crude oil prices soaring by 5% and up by 10% overall since the incident. In response, Israeli Prime Minister Benjamin Netanyahu vowed that Iran “will pay a heavy price” for the assault involving over 180 ballistic missiles.

Reports from Israeli media suggest that the initial focus of any strikes could be on Iran’s oil infrastructure.

Iran’s military chief has warned that any retaliation would be directed at all Israeli infrastructure. 

The escalating tensions have raised alarms about potential disruptions in the Straits of Hormuz, a vital route for global oil shipping.

Recent developments are that the Israeli military has conducted airstrikes in Beirut. This resulted in casualties and prompting increased evacuation orders in southern Lebanon.

Israel’s ambassador to the UN stated that a response to the recent missile assault from Iran “will be soon.”