WTI crude futures climbed 3.00% intraday to $90.93 a barrel on Oct. 8, according to Bitget data, as markets reacted to a report tied to potential U.S. military action involving Iran. The move came after the Pentagon asked U.S. Central Command, or CENTCOM, to complete preparations for resuming major combat operations against Iran.
The report also said former President Donald Trump has not made a final decision and that no specific date for any strike has been set. That leaves the situation unresolved, even as officials described a possible window for action.
U.S. and Israeli officials said that if operations are restarted, the timing could come before the Nov. 3 U.S. midterm elections, and possibly even before Israel’s Oct. 27 election. The update links the jump in oil prices to rising geopolitical tension, while the operational timeline remains undecided.
WTI crude futures rose 3.00% intraday to $90.93 per barrel on Oct. 8, according to Bitget data.
On the news side, the Pentagon has asked U.S. Central Command (CENTCOM) to complete preparations to resume major combat operations against Iran. Trump has not made a final decision, and no specific strike date has been set.
U.S. and Israeli officials said that if the operation is restarted, the timing could fall before the Nov. 3 U.S. midterm elections, and possibly even before Israel’s Oct. 27 election.
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