Oil Prices See Sharp Hike After Reported Strikes By Israel on Iran

Since president Joe Biden was elected as the 46th president of the United States in January of 2021, things within the federal political atmosphere of the nation on both the domestic and international levels have deteriorated in many regards. At home, Biden has presided over a period of economic and social decline. Millions of illegal migrants have poured across the southern border since the beginning of his term in the White House, and the president has rescinded many immigration policies that were mitigating the problem of illegal migration into the nation under the Donald Trump presidency. 60% of Americans are living paycheck to paycheck and the value of the dollar continues to decline in the face of crippling inflation. Ultimately, life within the domestic U.S. is unstable and uncertain for many citizens.

Internationally, Bidens weak and often incoherent leadership has emboldened enemies of the west to take action against the American nation. In October 2023, over two years since the botched U.S. withdrawal from Afghanistan, the terrorist group of Islamist extremists known as Hamas infiltrated Israel and murdered over 1,000 innocent civilians. Israel responded by invading Gaza, and the conflict is now at serious risk of being escalated. Many officials claim that world war three is a real possibility. Israel’s security service has been reported to have mobilized a new special forces unit created to hunt down and eliminate the terrorists responsible for the early October attacks. The future of the world is uncertain.

The global economy has certainly been impacted by the conflict continuously raging in the middle east. Oil prices has reached close to $100 a barrel as of late, as Israel continues to battle with Islamist terrorists in the region. Hamas and the Palestinian state have produced the bulk of forces against Israel and most of the fighting has centered around the Gaza strip. Thousands of people have been killed or wounded in the serious regional conflict.