Oil falls as Trump signals no Iran strike before elections

S. won't attack Iran before the November midterm elections. S. to respond to the growing aggression.

But the upward pressure on crude eased in a wake of a Truth Social post Thursday, where Trump said: "We will not be attacking Iran at any time prior to the Midterm Elections to be held in the United States on November 3rd. " The president cited "productive discussions" with Tehran. Oil pulled back in Asian trade Friday after rising sharply overnight. 76 a barrel, according to ICE data.

com. According to the IEA, approximately 100 million barrels already pledged by its members' reserves have yet to reach the market. These additional volumes could help ease near-term supply tightness, but the extent of that relief will depend on the actual pace of releases and the restoration of supply flows from producing regions, Tran said. 79 a troy ounce.

Regional equity markets were mixed. 65%. 3%. Markets in South Korea and Taiwan were closed.

S. peers as concerns over the sustainability of AI infrastructure spending resurfaced. AI investments are now so massive and are approaching major and hard limits that can't be simply explained by supply and demand, Bernstein analysts said in a note. Rising borrowing costs, increasing safety and environmental concerns as well as regulatory guardrails could trigger a deceleration in semiconductor demand, they added.

S. residency also weighed on sentiment. 3%. 7%.

com (END) Dow Jones Newswires October 09, 2026 02:01 ET (06:01 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. The statements in this document shall not be considered as an objective or independent explanation of the matters. Please note that this document (a) has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and (b) is not subject to any prohibition on dealing ahead of the dissemination or publication of investment research.