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Oil Falls Ahead of US Midterms Despite Renewed Strait of Hormuz Attacks

By ChordNews · First written (new coverage , updated )

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Summary

Oil prices retreated ahead of the US midterm elections even as renewed attacks in the Strait of Hormuz were reported. Bloomberg reported that oil declined after a report said US President Donald Trump wants to give diplomacy with Iran more time before any move to resume strikes. Seeking Alpha separately reported that oil prices retreated ahead of the U.S. midterms despite the renewed Strait of Hormuz attacks.

This continues an earlier story: Oil rises as US may resume strikes on Iran after midterms, with Israeli election tight

Later: Reports Say US Struck Iran's Qeshm Island Hours Before Midterm Polling as Oil Prices Rise

Timeline

  1. Bloomberg

    Source ↗

    Bloomberg reports that oil declined after a report said US President Donald Trump wants to give diplomacy with Iran more time before any move to resume strikes.

  2. Seeking Alpha

    Source ↗

    Seeking Alpha reports that oil prices retreated ahead of the U.S. midterms despite renewed attacks in the Strait of Hormuz.

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