Oil prices jumped over 5% following reports suggesting the United States might attack Iran before the November elections, as reported by American media outlets. Both Brent and West Texas Intermediate (WTI) crude oil experienced significant increases due to concerns about potential military actions targeting Iranian infrastructure. The anticipated actions are believed to be aimed at influencing the oil market. Rising tensions in the Middle East fueled these price hikes, increasing global economic uncertainty. Analysts suggest that a U.S. attack on Iran would severely disrupt oil supplies, triggering further price increases. The market is closely monitoring the situation for any further developments, with November elections looming as a critical timeframe. This situation presents an escalation of geopolitical risk in the region.