AGL 37.99 Decreased By ▼ -0.03 (-0.08%)
AIRLINK 215.53 Increased By ▲ 18.17 (9.21%)
BOP 9.80 Increased By ▲ 0.26 (2.73%)
CNERGY 6.79 Increased By ▲ 0.88 (14.89%)
DCL 9.17 Increased By ▲ 0.35 (3.97%)
DFML 38.96 Increased By ▲ 3.22 (9.01%)
DGKC 100.25 Increased By ▲ 3.39 (3.5%)
FCCL 36.70 Increased By ▲ 1.45 (4.11%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 14.49 Increased By ▲ 1.32 (10.02%)
HUBC 134.13 Increased By ▲ 6.58 (5.16%)
HUMNL 13.63 Increased By ▲ 0.13 (0.96%)
KEL 5.69 Increased By ▲ 0.37 (6.95%)
KOSM 7.32 Increased By ▲ 0.32 (4.57%)
MLCF 45.87 Increased By ▲ 1.17 (2.62%)
NBP 61.28 Decreased By ▼ -0.14 (-0.23%)
OGDC 232.59 Increased By ▲ 17.92 (8.35%)
PAEL 40.73 Increased By ▲ 1.94 (5%)
PIBTL 8.58 Increased By ▲ 0.33 (4%)
PPL 203.34 Increased By ▲ 10.26 (5.31%)
PRL 40.81 Increased By ▲ 2.15 (5.56%)
PTC 28.31 Increased By ▲ 2.51 (9.73%)
SEARL 108.51 Increased By ▲ 4.91 (4.74%)
TELE 8.74 Increased By ▲ 0.44 (5.3%)
TOMCL 35.83 Increased By ▲ 0.83 (2.37%)
TPLP 13.84 Increased By ▲ 0.54 (4.06%)
TREET 24.38 Increased By ▲ 2.22 (10.02%)
TRG 61.15 Increased By ▲ 5.56 (10%)
UNITY 34.84 Increased By ▲ 1.87 (5.67%)
WTL 1.72 Increased By ▲ 0.12 (7.5%)
BR100 12,246 Increased By 520 (4.43%)
BR30 38,385 Increased By 2008.7 (5.52%)
KSE100 113,924 Increased By 4411.3 (4.03%)
KSE30 36,044 Increased By 1530.5 (4.43%)
World

Biden says ‘discussing’ possible Israeli strikes on Iran oil facilities

  • His comments send oil prices spiking a month before US presidential election
Published October 3, 2024

WASHINGTON: President Joe Biden said he was discussing possible Israeli strikes on Iranian oil facilities, in comments that sent oil prices spiking Thursday just a month before the US presidential election.

Biden told reporters at the White House however that he was not expecting Israel to launch any retaliation for Tehran’s missile barrage on Israel before Thursday at least.

When asked by a reporter if he supported Israel striking Iran’s oil facilities, Biden said “we’re discussing that. I think that would be a little… anyway.”

Oil prices jumped five percent over concerns about the Middle East after Biden spoke.

A rise in oil prices could be hugely damaging for Biden’s Vice President Kamala Harris as the Democrat confronts Republican former president Donald Trump in a November 5 election where the cost of living is a major issue.

Iran says attack on Israel is over as fears grow of wider conflict

Biden said he did not expect any immediate action from Israel – even if Israeli Prime Minister Benjamin Netanyahu has recently paid little heed to calls for restraint as he targets allied Hezbollah in Lebanon.

“First of all, we don’t ‘allow’ Israel, we advise Israel. And there is nothing going to happen today,” Biden told reporters when asked if he would allow Israel to retaliate against Iran.

Biden said on Wednesday that he would not back Israel attacking Iranian nuclear sites.

Iran launched around 200 rockets in a direct missile attack on Israel on Tuesday, prompting Netanyahu to warn that Tehran would pay.

Iran said it was in retaliation for the killing of Hassan Nasrallah, the leader of Hezbollah.

Hezbollah has been launching rockets at Israel since shortly after the October 7, 2023 attacks on Israel by Iran’s Palestinian ally Hamas, and Israel’s crushing retaliatory offensive in Gaza.

Comments

200 characters
Az_Iz Oct 04, 2024 12:57am
He has been saying so many things all this time.
thumb_up Recommended (0) reply Reply
Ahmed diyab Oct 04, 2024 10:12am
This has a potential possibility to escalate
thumb_up Recommended (0) reply Reply