Oil prices rise to $115/bbl as Middle East tensions simmer; Israel and U.S. signal no pre-election strikes on Iran, though Iran prepares defensively.
Macro & Markets ·
Oil prices rose to test $115 per barrel amid Middle East tensions, with Israeli military officials stating they do not plan to strike Iran before elections on October 27, and former President Trump indicating the U.S. will not bomb Iran before November 3, while Iran prepared for potential bombings.