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Oil rises after reports White House weighing Iran strikes

Oil prices rose amid reports on Thursday that the White House is weighing new strike options on Iran, less than a month before the November elections. Brent crude, the global benchmark, increased to $104.60 per barrel with a 4.4 percent jump on Thursday morning. The U.S. benchmark, West Texas Intermediate (WTI), jumped 3.91 percent and...

Oil rises after reports White House weighing Iran strikes

US President Donald Trump said the United States is having "productive discussions" with Iran. He stated that the US will not launch an attack on Iran before the midterm congressional elections in November.

According to Trump, the US blockade of Iranian ports remains in effect, and oil is flowing through the Strait of Hormuz. The midterm elections are scheduled to take place on November 3rd.

Axios reported that Trump had been considering resuming major combat operations against Iran ahead of the midterms, which could have influenced the elections and Israel's elections, scheduled for October 27.

Brief written by urgent.news from The Korea Times, The Korea Times, Axios, The Hill, Middle East Eye — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.

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