World · Washington
Trump Says No Iran Strike Before Midterms
In brief
US President Donald Trump said late Thursday that Washington will not attack Iran before the November 3 midterm elections and claimed productive discussions with Tehran. Oil prices fell Friday as those remarks eased some supply fears, even as Iranian media reported explosions near the Strait of Hormuz.
According to Al Jazeera and CNBC, citing a Truth Social post, Trump wrote that the United States was having productive discussions with Iran and would not attack before voters go to the polls on November 3. Markets treated the message as a pause in military escalation risk.
CNBC and Reuters reported that Brent crude traded lower Friday, around $103 a barrel, after climbing earlier on Gulf tensions. Iran’s Foreign Minister Abbas Araghchi said Tehran was reviewing a US response to its plan to reopen the Strait of Hormuz and would reply within a few days, Iranian media said.
Separately, Iranian outlets reported explosions in the southern Strait of Hormuz on Friday. Details remained unclear and were not independently confirmed by Western agencies at the time of writing. Diplomacy and shipping risks in the Gulf continue to move energy markets.
Why it matters
Any pause or restart of fighting near Hormuz affects global oil prices, fuel costs and inflation expectations for households and businesses worldwide.
Sources
- Al Jazeera: Trump says US will not strike Iran before midterm elections
- CNBC: Pilot killed in attacks by Iran-backed Houthis on Riyadh airport; Saudi-led coalition vows 'firm' response
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