A financial analyst, Kalu Aja has claimed that President Joe Biden wasted the United States of America’s oil reserves in his reign in the Whitehouse.
Aja disclosed this in a statement on his official X handle on Saturday.
His comments come amid the escalating conflict in the Middle East.
DAILY POST reports that the conflict worsened after Iran fired hundreds of missiles at Israel recently.
The hostility in the oil-rich region had fueled the spike in the price of crude oil amid supply shortages.
This saw the Brent and Nigerian crude oil blends soar above 78 dollars per barrel on Friday.
Reacting to the development, Aja said any International crisis that raises the oil prices or results in a stoppage of oil supply presents a severe danger to the US.
“Biden wasted the strategic oil reserves of the US, any International crisis that raises oil prices or causes a stoppage of oil will be disastrous to the US”, he said.
While the tension in the Middle East continued, the US 2024 election commenced with Donald Trump and Kamala Harris battling for votes from Americans.
