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Oil Prices Steady After Trump Appears to Rule Out Iran Strikes

Original: Oil Prices Steady After Trump Appears to Rule Out Iran Strikes Before Midterms

Oil prices held steady after President Donald Trump appeared to rule out military strikes against Iran before the US midterm elections. Markets had been pricing in the risk of a Middle East escalation that could disrupt supply, and the suggestion of a delay eased immediate pressure on crude benchmarks while traders continue to watch Washington's next move.

Why now: Markets and readers are reacting to signs that US-Iran tensions may not escalate ahead of the midterms.

Donald TrumpIranUnited Statesoil market

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Evidence

• Oil Prices Steady After Trump Appears to Rule Out Iran Strikes Before Midterms · WSJ

API: https://socialmediatrends-api.osmike.com/v1/trends/1648956