Will Brent Jump 28% Again? US and Israel Draft Post-Midterm Iran Strike Plans

The US and Israel have drafted plans for Iran strikes after the Nov. 3 midterms, The New York Times reports. Energy sites appear on the reported target list, with Brent crude already near $109 a barrel, Investing.com data show. US President Donald Trump, however, halted an attack shortly before launch this month and has shelved earlier plans. Some officials say oil facilities may be spared, since Trump wants to keep pump prices from rising. Will Brent Repeat Its February Jump? Brent rose 27.9% in the week after the US and Israel launched the Iran war on Feb. 28. Today, data puts Brent nearly 50% above its pre-war close. In contrast, Brent settled 5.2% higher on July 8, when US strikes resumed after a truce. However, oil’s Oct.

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