US President Donald Trump has said he believes the Iran war will continue until after the November midterm elections, predicting that oil prices will drop afterwards. He made these comments on Wednesday and repeated them at a Republican Party convention in Texas, where he also tried to energize his party ahead of the elections. The conflict, which began in February, has seen significant increases in oil prices, with Brent crude reaching over $100 three times in the past six months. Trump argued that short-term economic pain is worth it to prevent Iran from developing nuclear weapons, despite Tehran's repeated denials of such intentions.
Written by the local model on 2026-09-10,
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same event (that is the story summary below).
Story summary
A series of attacks and escalating tensions have occurred in the Persian Gulf between the US and Iran. On September 5, 2026, an Iranian tanker was hit by four US missiles near Kharg Island, a key oil export hub in the Gulf, according to the semi-official Iranian news agency Tasnim. The incident has not been officially confirmed by Iranian authorities or the US military.
A day later, on September 6, Iran claimed it had struck an unmanned US Navy vessel trying to enter the Strait of Hormuz, but the US Central Command denied this claim as a "total lie".
Tensions between the two countries have been escalating in recent weeks, with both sides engaging in a series of attacks and counter-attacks. On August 31, US President Donald Trump said that Kharg Island was being "blown to smithereens", prompting Iranian authorities to vow a strong response if the island is attacked.
In response to these incidents, Iran's Supreme National Security Council has announced plans to establish an exclusion zone outside the Strait of Hormuz, which will include vessels attempting to transit the waterway. Any ship entering this area will be placed on Iran's sanctions list.
Written for “Strait of Hormuz Escalation” on 2026-09-10,
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- Published
US President Donald Trump has said he does not think the Iran war will end until after November's midterm elections, adding that oil prices will not come down until then.
"I think the war's going to end immediately after the election because they can't hold out any longer," Trump said of Iran's leaders on Wednesday.
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Trump → publish → Wednesday
He made the comments as he headed to Texas for the Republican Party's first midterm election convention – and repeated them there, arguing that short-term economic pain was worth it to prevent Iran from developing nuclear weapons.
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pain → make → weapons
Trump is facing falling polling numbers and pressure from within his party to end the war, which began when the US and Israel attacked Iran in February.
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US → face → February
The conflict rapidly spread across the Middle East, as Iran retaliated by launching missiles and drones at Israel and Arab states hosting US military facilities.
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Iran → spread → facilities
The price of Brent crude oil, the global benchmark, has risen above the $100 (£74) mark three times over the past six months, with Iranian attacks forcing production stoppages in Gulf states and disrupting exports through the vital Strait of Hormuz waterway.
The US has also imposed a naval blockade on Iran's ports and has recently begun striking Iranian tankers in response to attacks on warships and other vessels.
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US → rise → warships
"Right after the election, oil prices are going to be tumbling downward," Trump told reporters.
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Trump → go → reporters
"I think it's going to take a little bit longer than the midterm."
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it → think → midterm
He added that Iran was "desperate to try and affect the election, so that we can get a nice weak group of people in there" – an apparent reference to the Democrats – "and leave them alone and let them have their nuclear weapon".
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them → add → weapon
He provided no proof of the election claim.
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He → provide → claim
Tehran has repeatedly denied it is seeking nuclear weapons and insisted its nuclear programme is solely peaceful.
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programme → deny → weapons
At the convention in Texas, Trump echoed some of these lines, saying the price of oil would tumble "as soon as we win the war with Iran".
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we → echo → Iran
In his speech, he also referenced dissatisfaction among some Americans on the issue: "Guys come up to me and say, 'I wish you didn't do the war in Iran.
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you → reference → Iran
Trump also said further negotiations with Iran could possibly happen, "but it's not something we're looking at".
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we → say → Iran
The US president initially predicted the war, which is now in its seventh month, would last only a matter of weeks.
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which → predict → weeks
The conflict, and its knock-on effects on everything from fuel to groceries, has led to a steep decline in his approval ratings – and pressure from those within his party, including staunch supporters, to quickly end the war.
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conflict → knock → war
Midterm elections will be held on 3 November, and Republicans are in danger of losing control on Congress.
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Republicans → hold → Congress
At the convention, Trump sought to energise the party ahead of November.
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Trump → seek → November
Historically, a sitting president's party tends to lose seats in Congress in the midterm elections.
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party → sit → elections
Fighting in the Middle East has intensified in recent days, as oil facilities throughout the region come under attack, driving up the global price of fuel and other goods that require shipping.
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that → intensify → shipping
The price of oil hit $100 a barrel on Wednesday for the first time since July.
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price → hit → July
Similarly, earlier this week the price of US diesel hit an all-time high, which is likely to cause a ripple effect on prices across the US.
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which → hit → US
There are also predictions that the rising fuel costs could lead to higher interest rates.
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costs → be → rates
On Tuesday night, the US military said it had attacked and destroyed five oil tankers with ties to Iran's Islamic Revolution Guard Corps (IRGC) in the Gulf of Oman and the northern Gulf.
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it → say → Oman
The IRGC, in response, said early on Wednesday that its naval forces had attacked two US Navy destroyers and eight oil tankers in the Strait of Hormuz, causing "heavy damage" to the vessels.
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forces → say → vessels
Centcom denied its warships were hit.
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warships → deny → ?
The IRGC also said it had launched ballistic missiles at US military maintenance facilities, hangars and aircraft at Muwaffaq Salti Air Base in Jordan.
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it → say → Jordan
Jordan's armed forces said they intercepted 20 Iranian missiles and that two other missiles fell in unpopulated areas with no casualties reported.
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casualties → say → areas
Later on Wednesday, sources told CBS News, the BBC's US partner, that several US fighter jets at the air base were damaged in the Iranian strikes.
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jets → tell → strikes
One A-10 Thunderbolt aircraft was hit and was missing a wing, and about eight F-15s sustained light damage, according to people familiar with the matter.
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F-15s → hit → matter
Explosions were reported in southern Iran on Wednesday night, but Iranian official sources denied they were US strikes, saying the sounds came from the sea.
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sounds → report → sea
In a separate development on Tuesday, the Iran-backed Houthi movement in Yemen launched a wave of missile and drone attacks on south-western Saudi Arabia, the world's largest oil exporter, causing fires at several oil facilities.
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movement → back → facilities
Saudi media reported more Houthi attacks on the kingdom on Wednesday, citing a military spokesman as condemning missile and drone strikes on the cities of Khamis Mushait, Abha and Jazan.
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media → report → Mushait
The Houthis have said they are retaliating for days of Saudi air strikes on their territory in western Yemen, where a four-year-old informal ceasefire has collapsed.
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ceasefire → say → Yemen
