Global concerns over possible Zionist attack on Iranian oil facilities

Following Iran’s retaliation on Tuesday, the Zionist entity promised another revenge, which seemingly aims at Iran’s oil facilities, a possibility that is triggering an increase in oil prices.

Accordingly, U.S. President Joe Biden urged the Zionist entity on Friday to preclude considerations of attacking Iranian oil fields.

With violence spiralling in the Middle East, oil prices are expected to be fluctuating even more, affecting the international economy that is still in the process of recovering from the Covid pandemic, as well as the conflict between Russia and Ukraine.

The price of crude oil has risen to almost 10% this week to around $78 a barrel in the aftermath of the Zionist escalation in the region.

Crude oil is a key ingredient in petrol and diesel, thus, higher fuel prices will necessarily entail higher shipping prices, and consequently, costs of all goods will be affected.