President’s off-the-cuff remark outside White House over possible retaliation triggers global oil price rise

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Joe Biden has said that his administration has been “discussing” possible Israeli plans to attack Iran’s oil industry in retaliation for the Iranian ballistic missile attack on Tuesday.

Biden’s off-the-cuff remark did not make clear whether his administration was holding internal discussions or talking directly to Israel, nor did clarify what his attitude was to such an attack.