Trump Puts Iran Strikes on Hold as Hurricane Threatens Oil Supply
AI Summary
Donald Trump says the United States will not strike Iran before the midterm elections, helping push oil prices down from near $110 per barrel. Attacks on tankers transiting the Strait of Hormuz and a hurricane threatening Gulf oil supply are sustaining volatility amid worsening regional security conditions.
Oil retreats from $110 as Trump rules out Iran strikes before the midterms, but tanker attacks and a Gulf hurricane threaten fresh volatility. Friday, October 09, 2026 Donald Trump seems to be firefighting the Middle Eastern blaze, vowing not to attack Iran before the mid-term elections just as oil prices were nearing the $110 per barrel mark amidst a deteriorating security situation in Saudi Arabia and Iran hitting at least one transiting tanker in the Hormuz every day for the past three weeks. Whilst news of ‘productive discussions’…