• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 1 hour GREEN NEW DEAL = BLIZZARD OF LIES
  • 8 days The United States produced more crude oil than any nation, at any time.
  • 1 day e-truck insanity
  • 7 days How Far Have We Really Gotten With Alternative Energy
  • 7 days China deletes leaked stats showing plunging birth rate for 2023
  • 8 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 5 days Bad news for e-cars keeps coming
Why U.S. Diesel Demand Is Underwhelming

Why U.S. Diesel Demand Is Underwhelming

Lackluster diesel demand in the…

Why the US Should Consider Adopting Australia's Natural Gas Strategy

Why the US Should Consider Adopting Australia's Natural Gas Strategy

Australia's Future Gas Strategy provides…

U.S. Senator Calls For The Bombing Of Iran’s Oil Infrastructure

Senator Lindsay Graham, a notable hawk in foreign policy, has called for bombing Iranian refineries in retaliation for the country’s supposed involvement in the Hamas attack on Israel this weekend.

Speaking to the media on Monday, Graham said that if there was another attack by groups affiliated with Iran, the United States should “destroy Iran’s oil infrastructure”.

He went on to say that it was “now time for us to consider with our friends in Israel to hit Iran's oil economy,” as quoted by the Washington Examiner.

 “If there's an escalation of this war, I am urging the Biden administration and the Israelis to jointly come up with a plan to destroy Iran's oil infrastructure,” the senator said.

“Without oil, they have no money. Without money, the terrorism loses its biggest benefactor. Everybody talks about Iran being responsible. Talk is cheap. It is now time to make them pay a price.”

In fact, the Israeli Defence Forces have said there was no evidence of Iran being involved in the Hamas attacks from this weekend that prompted Prime Minister Benjamin Netanyahu to declare war on the group.

The U.S. State Department has also avoided pointing the finger at Iran for now, although the Wall Street Journal reported the attacks were planned with Iranian participation, citing unnamed sources.

“If this war escalates and you try further to destroy the Jewish state, you're going to be out of the oil business. They have fixed targets that are easy to hit,” Graham also said.

Iran has denied its involvement in the attack while reiterating its support for Palestine.

“Iran unwaveringly stands in solidarity with Palestine; however, it is important to note that Iran is not involved in Palestine’s response, as these actions are solely determined by the Palestinians themselves,” the country’s Mission to the UN said in a statement Monday.

ADVERTISEMENT

An escalation of the conflict is one of the possible scenarios in the immediate future, leaving oil markets on edge and oil prices elevated. On Monday, the news of the Hamas attack sent oil prices soaring but they quickly retreated.

Uncertainty remains heightened as clashes between Hamas and the Israeli army continue.

By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment
  • Mamdouh Salameh on October 10 2023 said:
    Let us first establish the facts. While Iran is a supporter of Hamas and could have been supplying it with weapons and financial aid, there is no proof whatsoever of Iran’s involvement in the recent Hamas attack on Israel.

    Americans are trigger-happy and are still deluding themselves that they own and run the world although the world is changing fast beyond recognition.

    US Senator Lindsay Graham may not be aware that an attack on Iran’s oil infrastructure is an act of war against which Iran could respond by attacking the US Fifth fleet in the Gulf possibly sinking an aircraft carrier or some major warships. Moreover, such an attack would seem as being undertaken on behalf of Israel thus proving to the Arab world that the United States and Israel are one and the same.

    Dr Mamdouh G Salameh
    International Oil Economist
    Global Energy Expert

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News