What happened
President Trump announced that the US will not attack Iran before the midterm elections in November. This statement was made in a post on a social media platform, where the president also mentioned that the blockade on Iran will remain in place. Additionally, Trump stated that productive discussions are underway with Tehran.
In related news, two Houthi missile attacks in Riyadh, Saudi Arabia, resulted in the deaths of three people. The targets of the attacks were Riyadh's international airport and an aircraft belonging to the state carrier Saudia. These strikes follow similar attacks on Saudi airports that occurred on October 6 and 7.
The recent events have had an impact on oil prices, with Brent crude trading at around $103 per barrel on Friday. The average price of regular gasoline in the US is currently $4.37 per gallon, according to AAA.
