Brent, WTI jump 3%+ on reports US preps Iran strikes before midterms

Brent and WTI crude surged over 3% after media reports indicated the US Army was instructed to prepare for possible strikes on Iran ahead of US midterm elections. The price move reflects heightened geopolitical risk premium, though the reports remain unconfirmed and the actual strike decision is uncertain. This escalation, if realized, could disrupt oil supply through the Strait of Hormuz and push prices higher.