GoKawiilTrump says US won't strike Iran before midterms as oil blockade stays in place
President Trump said on Truth Social that the US will not attack Iran before the November 3 midterm elections, citing "productive discussions" between the two countries—a reversal from comments made a day earlier. He said the US naval blockade on Iran's ports remains fully in effect and that Iran still cannot be allowed a nuclear weapon. Oil prices rose during Thursday's trading session despite the de-escalatory tone.
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The shift in rhetoric suggests the administration may be prioritizing election-season stability over near-term military action, though Trump's continued insistence on the blockade signals no softening of underlying pressure on Tehran. Markets appear to be reading the mixed signals cautiously, as oil prices climbed even as war fears eased, implying traders still see geopolitical risk as unresolved.
- Trump ruled out a US attack on Iran before the Nov. 3 midterms, calling talks with Tehran "productive."
- The naval blockade on Iran's ports remains fully in force, Trump said, with nuclear capability still a redline.
- Oil prices rose Thursday despite the apparent de-escalation in rhetoric.
Source: cnbc.com — Alex Harring, 2026-10-09
Published there as: “OpenAI's revenue scare, Delta earnings, what investors think of a Starbucks-Chipotle deal and more in Morning Squawk”
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