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Trump Floats Potential Iran Deal Ahead of Midterm Elections

Oil prices are plummeting, shedding nearly $10 a barrel in a historic shift that Donald Trump attributes to a cooling of tensions in the Persian Gulf. With midterm elections looming on Tuesday, the US President signaled Monday that a diplomatic settlement with Tehran is not only possible but imminent.

Trump Floats Potential Iran Deal Ahead of Midterm Elections

The prospect of a breakthrough emerged after Tehran disclosed indirect negotiations with Washington and signaled a willingness to reopen the Strait of Hormuz, provided specific conditions are met. Trump seized on the market volatility, framing the price drop as a direct result of public confidence that a military confrontation with Iran has been averted. The administration remains focused on the potential for a deal, positioning the possibility as a significant diplomatic development on the eve of the national vote.

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