Iranian waterway hit by loud blasts, unconfirmed Arab reports say
Unconfirmed Arab sources report multiple severe explosions in the Strait of Hormuz, targeting a tanker.
Trump says at UN he expects an Iran deal after US midterms, a claim he's made before.
Speaking at the United Nations, Donald Trump once again stated that he expects an agreement with Iran to be reached shortly after the midterm elections. The same claim was made on a previous occasion, following which oil prices climbed to a third-quarter peak, partly driven by attacks on Saudi pipelines. More recently, he shifted to saying a deal would come "soon," but has now returned to the midterm timeframe. There appears to be little substantive reasoning behind this position beyond his belief that his political opponents are working against his electoral prospects.
The former president also repeated that he faces a choice regarding Iran and described the Iranian government as weak and desperate.
Overall, the post-election remark can be seen as a positive sign for oil prices.
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Unconfirmed Arab sources report multiple severe explosions in the Strait of Hormuz, targeting a tanker.
Trump said the US will not attack Iran before the November 3 midterm elections, easing oil market concerns.
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