Free Trial

MIDEAST: Biden Says US & Israel Discussing Strikes On Iranian Oil Facilities

MIDEAST

US President Joe Biden, when questioned by reporters about the possibility of the US supporting Israeli strikes on Iranian oil facilities, says , "We’re discussing that."

  • Comes after his comments on 2 Oct suggesting that Israeli strikes on Iranian nuclear sites in retaliation to the 1 Oct missile barrage directed at Israel would be a step too far.
  • As MNI noted in an earlier bullet (see 'MIDEAST: Direct Confrontation Escalates As IDF Incursion Into Lebanon Grows' 0955BST), "focus is on what the Netanyahu gov't could respond with. Striking Iranian oil facilities could pose risks to the Strait of Hormuz, while targeted assassinations could spark another Iranian missile barrage."
  • Israeli PM Benjamin Netanyahu has pledged retaliation for the 1 Oct strikes, but the timing of any response remains unclear. The US has sought to de-escalate, but with Israel set on hitting back against Iran in some capacity, the White House has potentially judged that a strike against oil refineries may be less of a security risk than Israel going for nuclear facilities.
  • On 4 Oct two notable events are set to take place, the funeral of Hezbollah leader Hassan Nasrallah and Iranian Supreme Leader Ayatollah Ali Khamenei will lead Friday prayers for the first time since 2020. 
204 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

US President Joe Biden, when questioned by reporters about the possibility of the US supporting Israeli strikes on Iranian oil facilities, says , "We’re discussing that."

  • Comes after his comments on 2 Oct suggesting that Israeli strikes on Iranian nuclear sites in retaliation to the 1 Oct missile barrage directed at Israel would be a step too far.
  • As MNI noted in an earlier bullet (see 'MIDEAST: Direct Confrontation Escalates As IDF Incursion Into Lebanon Grows' 0955BST), "focus is on what the Netanyahu gov't could respond with. Striking Iranian oil facilities could pose risks to the Strait of Hormuz, while targeted assassinations could spark another Iranian missile barrage."
  • Israeli PM Benjamin Netanyahu has pledged retaliation for the 1 Oct strikes, but the timing of any response remains unclear. The US has sought to de-escalate, but with Israel set on hitting back against Iran in some capacity, the White House has potentially judged that a strike against oil refineries may be less of a security risk than Israel going for nuclear facilities.
  • On 4 Oct two notable events are set to take place, the funeral of Hezbollah leader Hassan Nasrallah and Iranian Supreme Leader Ayatollah Ali Khamenei will lead Friday prayers for the first time since 2020.