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Crude oil prices had shot up on Thursday after reports President Trump was considering more strikes. They immediately dropped again after his new announcement.
US media reports suggest he may be weighing strikes before the vote, but the president has ruled that out.
President Donald Trump’s pledge not to attack Iran before the November 3 US midterm elections has been greeted in Tehran as either a bluff or an opportunity, with some hardliners urging Iran to exploit the three-week window to strike first.