Trump Puts Iran Strikes on Hold as Hurricane Threatens Oil Supply
Oil retreats from $110 as Trump rules out Iran strikes before the midterms, but tanker attacks and a Gulf hurricane threaten fresh volatility. Friday, October 09, 2026 Donald Trump seems to be firefighting the Middle Eastern blaze, vowing not to attack Iran before the mid-term elections just as oil
Source: OilPrice.com
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DW NOTE
Trump shelved Iran strikes as Hurricane Dorian barrels toward the Gulf Coast refineries that process what little crude still makes it past Hormuz. The administration has spent seven months alternating between escalation and pause; the storm forced clarity. When 20% of US refining capacity sits in a hurricane's path and the strait has been effectively closed for 223 days, you don't also bomb the oil fields.