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The Economic Times

Veer Sharma

Oil Price Today (October 9): Crude oil dips 1% to $103 as Trump rules out Iran attack before midterm elections. What are analysts saying?

Oil Iran United States crude oil Donald Trump Daan Struyven Goldman Sachs Veer Sharma JPMorgan SEBI

Crude oil prices slipped after US President Donald Trump said Washington would not attack Iran before the November 3 midterm elections, easing fears of supply concerns and attacks on energy infrastructure.

In a post on Truth Social on Thursday, Trump said the US was holding productive discussions with Iran and maintained that the Strait of Hormuz remained under US control. He reiterated that Iran would not be allowed to possess a nuclear weapon and claimed that oil shipments through the strategic waterway were flowing at record volumes.

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