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There is growing anxiety about the impact of a widening war in the Middle East on oil prices.Brent Crude jumped to more than $77 a barrel Thursday, after President Joe Biden was asked about Israeli retaliation for Iran's missile attack earlier in the week.He said it was under discussion and clarified his position Friday, saying 'the Israelis have not concluded how they're what they're going to do in terms of a strike. That's under discussion.
RELATED STORY | Iran warns Israel retaliation would lead to escalation as conflict growsFormer Deputy Secretary of State Wendy Sherman said, 'we should all understand that this war will get wider, that it may involve the United States in ways we wish it would not, that it may change oil prices for America as we head toward the winter.'Iran is a major oil producer, pumping about two percent of the world's supply. Because of international sanctions most of it is exported to China.
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