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What You Need To Know: The Wall Street Journal has reported Iran’s rhetoric toward Israel is intensifying. Not only that, but actions are being taken by both sides that are making strong statements. Iran is accusing Israel of committing cyber attacks on their oil facilities. Additionally, a drone was shot down by Israeli forces over the weekend in what appears to be an attack, and Iran’s currency is in big trouble as the rial fell 25% last week in its value compared to the dollar.
Why This Important: As things get more serious in Iran and Israel, especially whenever you hear the word “oil” you can rest assured gas prices will be on the rise. Perhaps more importantly, our Israeli allies are increasingly on the defense against Iran and we should take note of Iran’s augmented aggression.