World · 10/9/2026
Trump Rules Out Iran Strikes Before Midterms; Oil Falls
Oil prices fell after Trump ruled out attacks on Iran before November’s midterms, while keeping the naval blockade in place.
Why it matters
Trump’s announcement comes as escalating Iranian attacks raise risks for vessels transporting crude to global markets.
- ★Trump said the US would not attack Iran before November’s midterm elections.
- ★The US naval blockade of Iran’s ports will remain in full effect.
- ★Oil declined following Trump’s announcement.