Crude falls on Trump pledge of no Iran strikes before November vote

OilPrice · 5 hours ago
Crude falls on Trump pledge of no Iran strikes before November vote
  • Trump posted on Truth Social that the US will not attack Iran before the November midterm elections and said talks with Iran are ongoing.
  • Oil dropped on the statement but was still up on the day.
  • The Atlantic reported that the White House asked the Pentagon to develop Iran strike options that could be exercised before the midterms, with the decision still being debated.
  • U.S. and Israeli officials say Iranian leaders are deeply suspicious of Trump's statements and want to avoid a third surprise attack.
  • Iran has ramped up drone targeting of tankers in the Strait of Hormuz over the last week, and talks with Iran are described as stalemated.

Quotes

“we will not be attacking Iran at any time prior to the Midterm Elections”— Donald Trump
“flowing in record numbers”— Donald Trump
“The White House has asked the Pentagon to develop strike options against Iranian targets that could be exercised ahead of the midterms”— The Atlantic

Sources