It is too soon to know whether current events will be nearly as momentous as those of 1973 — for the region, for the U.S. or for the world at large. But it is also possible they could be more so.
U.S. officials have been focused on preventing a wider war in the region that could involve surrounding Arab countries and also the Islamic Republic of Iran, the state that has been Israel's most implacable foe in recent decades.
Iran is a rather small contributor to the global market at present but has been scaling up its production. And a confrontation over prices could lead to one involving supply and possibly to the seizure of tankers in the Persian Gulf.The Iran issues are not all about oil. Iran has also emerged as a major supplier of Russia's drones and other forms of tech weapons used in Ukraine.
But first, the power of the Israeli connection will have to overcome a seemingly intractable problem within Congress itself — specifically among the Republicans, who have a narrow majority in the House. This round of bloodshed began with a surprise attack by Palestinian fighters from Gaza into Israel during the Jewish holiday of Simchat Torah. On Saturday, militants infiltrated Israel's border using paragliders, motorbikes and boats and fired thousands of rockets toward the country from Gaza.
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