Biden’s choice: Let Iranian oil flow or watch prices rise

Hamas’ attack on Israel is bringing pressure on President Joe Biden to clamp down on Iranian oil exports — even at the risk of provoking a politically damaging spike in world oil prices.

Crude oil exports from Iran have risen on Biden’s watch despite U.S. sanctions aimed at punishing Tehran for its nuclear ambitions, military aggression and support for terrorism. Now, last weekend’s violence by the Iranian-allied Palestinian group is fueling new calls for the U.S. to choke off that revenue stream, which Republican lawmakers have lambasted as an ill-fated attempt at...