Irans Oil Industry after comments by President Biden. Welcome to business today, live from new york, i m ritika gupta. Share prices in the us have been searching after great news regarding the us economy. The strike on the East Coast ports has also been suspended. It is not all positive news, though. Oil markets are still reeling from a comment by President Biden on thursday that the White House is discussing whether to support an attack by israel on Irans Oil facilities. This is how one of the key benchmarks Brent Crude was trading in the last 15 minutes if it stays at these levels it will be up around 10 per cent this week. One Oil Market Watcher told us he is astounded by the president s comment. In over 15 years of covering the energy markets, reporting them and dare i say, trading on the markets as well, i have never seen anything. This is quite unprecedented. Whether its off the cuff or not, for a sitting us president , just a little over four weeks from the american president i
neil: how will things be differentnd andrew wheeler? the acting administrator, now that the number one, scott pruitt, was forced to resign today. oil market watcher weighs in on all of that. it looks like right now, bill, change of personalities but not in the mission. absolutely not. i mean, andrew wheeler, of course, used to be with the epa many, many years ago. but from what we know he s very much a proponent of president trump s energy policies and the policies under scott pruitt n a lot of people in the energy industry are sad to see scott prou it go, despite pruitt go despite the improit priets have come up. they believe he s one of the main reasons, neil, the u.s. is going to be the biggest oil producer in the world in a couple of months. under the last administration, of course we had an epa that