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Trump’s U-Turn On Iran, No Attack Before US Midterms | Policy Shift Amid Rising Oil Prices
M
Moneycontrol•09-10-2026, 10:04
Trump Rules Out Iran Attack Before Midterms Amid Soaring Oil Prices
  • •U.S. President Donald Trump announced there will be no military attack on Iran before the November 3 midterm elections following productive discussions with Tehran.
  • •Despite delaying potential strikes, the U.S. naval blockade against Iran remains in place and Washington insists Iran will not develop nuclear weapons.
  • •Rising oil prices and living costs have increased political pressure, with Brent crude surpassing 104 dollars per barrel and U.S. gasoline reaching 4.36 dollars per gallon.
  • •The U.S. is reinforcing its military presence in the Middle East with additional sailors, Marines, and an aircraft carrier while Iran reviews a proposal to reopen the Strait of Hormuz.

Key Questions Answered

President Donald Trump ruled out any attacks on Iran prior to the November 3 midterm elections after citing productive discussions with Tehran. Despite this policy shift, the U.S. naval blockade against Iran remains in full force, and the administration insists that Iran will not be permitted to develop nuclear weapons.

The ongoing conflict has pushed Brent crude prices above $104 per barrel and U.S. gasoline prices to $4.36 per gallon, creating severe economic and political pressure. Declining public support and high living costs have turned the war into a major electoral liability for Republicans defending their congressional majorities.

The U.S. is strengthening its Middle East military footprint by deploying additional sailors, Marines, and an aircraft carrier. Meanwhile, Iran is reviewing Washington's response to a proposal aiming to reopen the Strait of Hormuz.