President Joe Biden recently stated that his administration is in discussions with Israel about potential strikes on Iranian oil facilities. This follows Iran’s missile attack on Israel, which has escalated tensions in the region. Biden's remarks contributed to a spike in global oil prices as the world watches closely to see if military action will be taken. While Biden indicated that these discussions are ongoing, he also emphasized that no immediate action would be taken, and there are concerns about further escalation between Israel and Iran.

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