Commodities and Futures News

Biden declines public negotiation on Israel’s stance on Iranian oil sites

2024.10.03 21:18

By Andrea Shalal and Kanishka Singh

WASHINGTON (Reuters) – Democratic U.S. President Joe Biden said on Thursday he will not negotiate in public when asked if he had urged Israel not to attack Iran’s oil facilities.

WHY IT’S IMPORTANT

Israel has been weighing options to respond to Tehran’s ballistic missile attack on Tuesday. The U.S. said then it would work with Israel to make sure Iran faced severe consequences.

Biden earlier in the day contributed to a surge in global oil prices when he said Washington was discussing strikes on Iran’s oil facilities. A U.S. official later said Washington does not believe Israel has decided yet how to respond to Iran.

Biden on Wednesday said the U.S. did not support any Israeli strike on Iran’s nuclear sites.

KEY QUOTES

“I don’t negotiate in public,” Biden told reporters when asked if he was telling Israel not to attack Iran’s oil facilities.

Asked if he worried an Israeli strike on Iran’s oil facilities would raise oil prices, he said; “If a hurricane hits, prices are going to go up. I don’t know; who knows.”

Biden was also asked why he had not spoken to Israeli Prime Minister Benjamin Netanyahu in recent days. He replied: “Because there’s no action going on right now.”

CONTEXT

© Reuters. U.S. President Joe Biden walks on the tarmac after visiting storm-damaged areas in the wake of Hurricane Helene, at Joint Base Andrews in Maryland, U.S., October 3, 2024. REUTERS/Tom Brenner

During a year of cross-border conflict between Israel and Hezbollah, Israeli attacks have killed nearly 2,000 people in Lebanon, most in the past two weeks, and displaced more than 1.2 million people there. Israel began a ground incursion in Lebanon this week, saying its aim is to defeat Hezbollah and return some 60,000 evacuated Israelis to their homes in the north.

Israel is also waging a war in Gaza in which nearly 42,000 people have been killed and nearly all of the enclave’s 2.3 million population displaced. That followed a deadly Oct. 7 attack on Israel by Palestinian Hamas militants.



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