Oil Surges 4% on Report Trump May Resume Iran Strikes After Midterms

Brent crude jumped 4.37% to $102.31 after reports that President Trump is weighing renewed attacks on Iran post-midterms, prolonging Middle East conflict and supply restrictions. The Pentagon is reportedly deploying a third aircraft carrier, signaling potential escalation. Market impact hinges on whether strikes materialize and Iran's response, with supply risk premium already embedded.