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According to financial analyst Kalu Aja, during his time in the White House, President Joe Biden squandered the nation’s oil reserves.

This was revealed by Aja on Saturday in a statement posted on his official X Twitter.

His comments coincide with the Middle East’s growing conflict.

According to ZINGTIE, the confrontation escalated following Iran’s recent firing of hundreds of missiles towards Israel.

Due to shortages in supply, tensions in the oil-rich region had contributed to the rise in crude oil prices.

As a result, on Friday, the mixes of crude oil from Nigeria and Brent surged beyond 78 dollars a barrel.

In response to the event, Aja stated that any global crisis that drives up oil prices or causes a disruption in the flow of oil presents a serious 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.

The US 2024 election began with Donald Trump and Kamala Harris competing for American votes, as the unrest in the Middle East persisted.

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