Protesters rally outside Israeli Defense Ministry in Tel Aviv demanding hostages be brought back from HamasUS unable to tig

🇵🇸🇮🇱 Protesters rally outside Israeli Defense Ministry in Tel Aviv demanding hostages be brought back from HamasUS unable to tighten Iran, Russia sanctions as it hopes The US wants to tighten sanctions against Russia and Iran. Yet doing both at once would carry significant risks for President Joe Biden as he heads into the 2024 election. US Treasury Secretary Janet Yellen said in connection with the Hamas attack on Israel that new measures against Iran could be taken. The reason is that Iran allegedly supplies Hamas with funds and training, but denies its involvement. However, she didn’t mention oil flows - the most obvious way of hurting Iran, and it’s easy to see why. Anything that significantly reduces the flow of Iranian oil exports will only increase demand for barrels from competitors like Russia. The two countries have been pumping about 13% of global oil supply in recent months, with Iran largely making up for the OPEC countries’ production cuts. As for Russia, ignoring the oil price cap is obvious to everyone. However, tightening measures will lead to a plunge in supply. In short, hitting Iran and Russia simultaneously in the oil market looks impossible if you don’t want to get an instant fuel price hike. Источник: Lord Of War