Oil Prices Retreat After Trump Appears to Rule out Iran Strikes Before Midterms
Oil prices fell after President Trump indicated he would not attack Iran before U.S. midterm elections. Oil had risen sharply the day before due to concerns about shipping risks in the Persian Gulf and production disruptions in the Gulf of Mexico. Trump's statement suggested a delay in military action, which eased some upward pressure on prices, though market risks related to the region remain.
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