
In light of the current midterm elections, significant efforts have been made to stabilize oil prices. Musk has invested an unprecedented $360 million, and has also coordinated with President Putin on diesel supplies—but Iran is being equally shrewd. By attacking merchant vessels in the Middle East and intensifying retaliation alongside Houthi forces, Iran has seen 18 ships targeted in the region over the past two weeks, with Saudi Aramco’s headquarters also struck. Industry analysts believe Iran is deliberately disrupting maritime security and driving up oil prices to pressure the White House ahead of the U.S. midterm elections. While losing control of the House is highly likely, there is still a chance to retain the Senate. At age 80, Trump is still campaigning vigorously across the country.