Stock Market Today: Mood in Markets Improves After Trump Vows Not to Strike Iran Before Midterms

Live updates

1. 1h ago

   Stocks Rebound as Trump Vows No Iran Strikes Before Midterms

   Global stock markets and technology shares recovered ground after President Trump promised not to launch military strikes against Iran before the November 3 midterm elections. Equity futures and exchange-traded funds previously declined as oil prices surged past $104 and $105 per barrel following reports of strike preparations and ongoing attacks in the Strait of Hormuz. Trump also ruled out an Iran deal, intensifying worries over inflation and a wider military conflict before his administration shifted course on the timing of potential combat operations.

   Why it matters

   Market sentiment remains sensitive to geopolitical developments in the Middle East due to the direct impact on crude supplies and global economic stability. Any major U.S. military action risks exacerbating voter sentiment, which is already firmly opposed to war ahead of the upcoming midterms. The interaction between energy costs, inflation concerns, and electoral politics continues to drive sharp intraday volatility across Wall Street.

   What is confirmed

   • President Trump vowed that the United States will not attack Iran before the November 3 midterms.
   • Oil prices surged above $104 and $105 per barrel amid reports of strike preparations and attacks in the Strait of Hormuz.
   • Stocks rose Friday morning as technology shares rebounded and oil prices slipped following the pledge.
   • President Trump stated that he does not want an Iran deal.

   Still unconfirmed

   • Trump is eyeing a new round of major combat operations in Iran.

   What to watch next

   • Developments in the Strait of Hormuz affecting oil transit
   • Movements in crude prices and equity futures leading up to the November 3 midterms
   • Any shifts in White House policy regarding military action against Iran
   Sources used for this update (9)

   1. Fortune — As Trump eyes a new round of major combat operations in Iran, sparking global stock selloff
   2. www.nbcnews.com — Oil prices hit $105, stocks tumble as Trump weighs Iran strikes
   3. WSJ — Stock Market Today: Mood in Markets Improves After Trump Vows Not to Strike Iran Before Midterms — Live Updates
   4. Quartz — Oil jumps 4% as Trump rules out Iran deal, stocks slip
   5. Yahoo Finance — Exchange-Traded Funds, Equity Futures Down Pre-Bell Thursday as Oil Prices Rise After Trump Says He Does Not Want Iran Deal
   6. Investopedia — 5 Things to Know Before the Stock Market Opens on Thursday
   7. en.sedaily.com — Trump Vows No Iran Strike Before Nov. 3 Midterms as Oil Jumps - Seoul Economic Daily
   8. nypost.com — Stocks rise as tech shares rebound, oil prices slip after Trump vows not to strike Iran before midterms
   9. usanews.com — Trump Rules Out Iran Strikes Before Midterms as Oil Surges
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