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Oil Prices Pare Gains After Trump Rules Out Iran Attack

Oil prices retreated from earlier highs after President Trump stated the US will not attack Iran before November midterm elections. Brent crude rose to 103.73 dollars a barrel while supply disruptions persisted due to Hurricane Isaias.

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FILE PHOTO: Vessels at the Strait of Hormuz, as seen from Musandam, Oman, October 2, 2026. REUTERS/Stringer/File Photo

Brent Crude Oil jumped 3.5% to $103.73 a barrel after United States President Donald Trump ruled out military strikes against Iran before November midterm elections.
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