According to CNN, US intelligence indicates that Israel is planning an attack on Iran's nuclear facilities.
Oil Drops as US Stockpile Increase Overshadows Report of Iran Strike
According to 21-May-2025 And Happened In 20-May-2025 Several U.S. officials familiar with the intelligence told CNN on Tuesday that the United States has received new intelligence that indicates Israel is preparing to attack Iranian nuclear sites.
CNN reported, quoting the officials, that it was unclear if Israeli authorities had reached a final decision and that there was dispute inside the U.S. administration regarding whether the Israelis would finally opt to carry out operations.
Due to concerns that such a strike may disrupt Iranian flows, Reuters was unable to confirm the news right away, which helped to drive up oil prices by more than 1%. A request for comment was not immediately answered by the National Security Council.
Requests for response were not immediately answered by the Israeli military, the Israeli Prime Minister's Office, or the Israeli Embassy in Washington.
The probability of an Israeli strike on an Iranian nuclear plant "has gone up significantly in recent months," according to an intelligence source who spoke to CNN. Oil fell after a CNN story that Israel is getting ready for a possible strike on Iranian nuclear sites was overshadowed by a second consecutive weekly increase in US crude stocks...
Despite growing sanctions from the United States and allies like the United Kingdom and Europe, Iran has managed to continue exporting crude. Goldman Sachs Group Inc. claims that Tehran has even recently been able to increase production.
"Over the past two years, Iran's supply has increased by roughly a million barrels per day," Samantha Dart, co-head of global commodities research at Goldman, stated on Bloomberg Television. The price of crude oil may rise by almost $8 per barrel if one million barrels are taken out of Iran every day.
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