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Oil Prices Retreat After Trump Rules Out Iran Strikes Before Midterms

Original: Oil Prices Retreat After Trump Appears to Rule out Iran Strikes Before Midterms

Oil prices fell after President Trump appeared to rule out military strikes against Iran before the US midterm elections, easing fears of a supply disruption in the Middle East. Traders had been pricing in a risk premium over the possibility of a confrontation with Tehran, and the perceived de-escalation prompted a pullback in crude benchmarks.

Why now: Comments from Trump signalling a lower near-term risk of conflict with Iran moved oil markets and eased geopolitical tensions.

Donald TrumpIranoil marketUnited States

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Evidence

• Oil Prices Retreat After Trump Appears to Rule out Iran Strikes Before Midterms · WSJ

API: https://socialmediatrends-api.osmike.com/v1/trends/1592133