Trump says Iran war may keep oil above $100 until after midterms

  • Donald Trump said the Iran war may continue beyond the U.S. midterm elections.
  • Gasoline reached $4.22 per gallon, while diesel rose to a record $5.94.
  • The conflict entered its seventh month after Trump initially forecast a weeks-long war.

President Donald Trump said the war with Iran may not end until after the U.S. midterm elections, despite earlier predicting a conflict lasting weeks. Brent crude rose above $100 for the first time since July as fighting disrupted oil flows through the Strait of Hormuz, while U.S. gasoline reached $4.22 a gallon and diesel hit a record $5.94. The prolonged conflict is increasing pressure on Trump’s Republican administration, which has tapped strategic petroleum reserves and faces voter concerns over fuel costs and inflation.

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