Oil Falls After Trump Rules Out Iran Attacks Before Midterms

MT newswire2026/10/08 23:34

07:34 PM EDT, 10/08/2026 (MT Newswires) -- Oil prices fell after President Donald Trump said the US would not attack Iran before November's midterm elections, Bloomberg reported Thursday. West Texas Intermediate crude fell toward $91 a barrel after rising 3.6% Thursday, while Brent settled above $104. Trump cited "productive discussions" with Iran and said crude was flowing through the Strait of Hormuz at record volumes, according to Bloomberg.

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