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Oil prices ease after Trump rules out Iran attack before midterms

Ayse Betul Aytekin · Middle East Eye
Published 9 Oct 2026, 8:34 am·55 min ago·1 min read
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Oil prices ease after Trump rules out Iran attack before midterms Oil prices eased slightly on Thursday after US President Donald Trump ruled out attacking Iran before next month's midterm elections, saying Washington was holding "productive discussions" with Tehran. Prices had soared earlier in the day following reports that the US could launch fresh strikes on Iran before the vote, raising fears of further supply disruptions. Republicans are fighting to keep control of both houses of Congress in the midterms, while US diesel prices are at record highs.

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