Latest Oil Market News and Analysis for Oct. 9

Markets President Donald Trump said the US would not attack Iran ahead of November’s midterm elections, citing in a social media post what he said were “productive discussions” with the Islamic Republic. Tyler Kendall reports on Bloomberg Television.Source: Bloomberg Contact us:Provide news feedback or report an error Confidential tip?Send a tip to our reporters Site feedback:Take our Survey By Rong Wei Neo and Charles Gorrivan October 8, 2026 at 10:02 PM UTC Updated on October 9, 2026 at 10:04 AM UTC Takeaways by Bloomberg AI Oil retreated after President Donald Trump said the US wouldn’t attack Iran before the November midterm elections, cooling fears over further escalation that could jeopardize Middle East energy flows. Brent fell near $103 a barrel, after surging more than 4% on Thursday. Trump’s comments allayed worries stoked by an Atlantic report that the White House had asked the Pentagon to draw up strike options for before the polls.