Oil prices dip after Trump says no Iran attack before midterms

AI Summary

Oil prices fell after U.S. President Donald Trump said the United States would not launch new attacks on Iran before the midterm elections, easing concerns about further Middle East supply disruptions. Losses were limited by ongoing regional supply disruptions and expectations of possible outages in the United States.

Oil prices fell on Friday as markets dialed down fears of worsening Middle East supplies after U.S. President Donald Trump said there would be no new attacks on Iran before the midterm elections. But losses in crude were limited by continued disruptions in Middle Eastern supplies, while markets also braced for outages in the U.S. ...