President Trump said on social media on Thursday that he would not attack Iran before the midterm elections, and that the United States and Iran were “having productive discussions.”
Global bond market sell-off continues and stocks fall amid reports White House has asked to see options for more strikes against Iran
Oil prices have risen sharply amid fears about escalating tensions in the Middle East and a squeeze on production from the threat of a hurricane off the US coast.
Brent crude, the international benchmark, rose by 5% to $105.3 a barrel on Thursday, triggering a wave of selling in the global bond and stock markets.
Iran has been launching drones and missiles at commercial ships in the waterway each week, though it has often failed to strike its targets, according to a Western security official.
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