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Trump rejects Iran deal, U.S. eyes 'massive bombing' — SkimNews

By CNBC · Summarized & edited by · 2026-10-08
Trump rejects Iran deal, U.S. eyes 'massive bombing'

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Why it matters: Trump's rejection of a deal while military planning accelerates — with midweeks until the election — threatens to remove the diplomatic floor under already-elevated oil prices. Even with Gulf exports back near 18.5 million barrels per day, crude has stayed high, meaning any strikes on Iranian energy infrastructure would tighten supply further and worsen the gasoline and diesel costs already dragging Trump's approval to a record low.

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