The ongoing tension between Israel and Hamas in the Middle East has far-reaching effects, impacting areas like oil supplies, U.S. politics, and global relations.
With the flare-up in hostilities, especially after Hamas's strike on Israel, we've seen a slight increase in crude oil prices. But if things calm down, those prices might stabilize. The situation gets more complicated when you factor in Saudi Arabia's oil production and the possibility of Iran getting involved, making 2024's oil supply forecast uncertain.
On the U.S. political front, President Biden's got his hands full trying to manage inflation and keep gas prices steady as he gears up for another election run. Meanwhile, the Republican party is facing its own internal battles, especially within the House of Representatives, which could even lead to a government
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First found on: From Gaza to Gas Stations: Middle East Conflict and Its Effect on USA
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