# Oil finishes sharply higher even as Trump says no attacks on Iran before midterms — retained record

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source: [news](https://highsignal.app/data/news) (news:seeking-alpha)  published 2026-10-08 23:30 ingested 2026-10-09 02:52

[original source ↗](https://seekingalpha.com/news/4651622-oil-finishes-sharply-higher-even-as-trump-says-no-attacks-on-iran-before-midterms?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news)

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CommoditiesEnergy

Oil finishes sharply higher even as Trump says no attacks on Iran before midterms

Oct 08, 2026, 7:30 PM ETCrude Oil Futures (CL1:COM), CO1:COM, USO, UCO, XLE, XOPDBO, UNG, FCG, USL, SCO, UNL, BNO, BOIL, KOLD, GUSH, DRIP, USOI, HO1:COM, NG1:COM, XB1:COMBy : Carl Surran, SA News Editor

Crude oil futures jumped ~4% on Thursday despite President Trump's social media statement that the U.S. is having "productive discussions" with Iran and will not attack the country before next month's midterm elections.

Crude oil and refined product futures prices pulled

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Quick Insights

Iran tensions, including attacks on tankers and new U.S. sanctions, have driven oil prices up sharply despite diplomatic statements.

Attacks reduced Strait of Hormuz shipments, but higher Red Sea and Gulf of Oman exports kept Middle East oil exports near pre-war levels.

U.S. natural gas futures fell after a higher-than-expected storage build was reported.
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document fetched 2026-10-09 02:52 · canonical https://seekingalpha.com/news/4651622-oil-finishes-sharply-higher-even-as-trump-says-no-attacks-on-iran-before-midterms?feed_item_type=news