Volatile fluctuations in oil markets ahead of elections in the USA and Israel

Oil prices showed slight increases, with WTI at $102.05 and Brent at $116.08 per barrel. U.S. midterm elections are approaching, with Trump hinting at potential military action against Iran post-elections. High-ranking officials from Saudi Arabia, Pakistan, and Turkey are in Tehran to ease tensions. In Israel, Netanyahu warns that upcoming elections will impact national security, emphasizing Iran as a threat. He claims significant damage to Iran's nuclear capabilities, though independent assessments suggest Iran retains substantial enriched uranium stocks. The elections for the Knesset are marked by political divisions.