💨 Abstract

Tensions are escalating in the Middle East following Iran's missile attack on Israel and Israel's subsequent strikes on Hezbollah targets in Lebanon. Iran has issued a warning to Israel against attacking its infrastructure, promising retaliation. Israel has reportedly considered striking Iranian oil facilities, which could lead to a wider conflict and increased global oil prices. President Joe Biden has expressed concern about the situation, suggesting he would consider alternatives to striking Iranian oilfields.

Courtesy: theprint.in

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