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October 9, 2026, 3 insights from 13 sourced facts

Trump pledges no Iran strike before the midterms and oil gives back some gains

Oil eased after a pre-election pledge on Iran, bond yields stay elevated, and Bitcoin ETFs saw their biggest outflow in months.

Markets in this brief

MarketLastDay1 monthYear to dateOct averageOct pattern
Brent crude oil109.86+3.72%+3.81%+80.54%-1.01% 53% upno clear pattern
WTI crude oil99.02+1.07%-3.33%+72.45%-1.77% 46% upno clear pattern
Bitcoin81,382.15-0.15%+6.52%-7.00%+16.63% 75% upweak
Ether2,399.80-0.83%-1.93%-19.12%+6.73% 63% upno clear pattern
US 10-year Treasury yield5.10%-9 bp+10 bp+92 bp-1 bp 52% upno clear pattern
Sources (13)
  1. Trump said the US will not attack Iran before the November 3 midterm elections, adding that the US is having productive discussions with Iran. Al Jazeera, Oct 9
  2. Oil prices fell early on Friday as Middle East supply concerns eased somewhat, and some analysts believe Trump's comments were an attempt to bring prices back down. Al Jazeera, Oct 9
  3. Iran's Foreign Minister Abbas Araghchi said Tehran is reviewing the US response to its seven-day plan to reopen the Strait of Hormuz and will respond within the next few days. Al Jazeera, Oct 9
  4. Brent crude rose above $105 a barrel on Thursday after reports that Trump is considering a return to major combat operations against Iran, while European stock markets opened lower as rising oil prices fuelled inflation fears. Euronews, Oct 8
  5. WTI crude reached $93.20 per barrel, its highest since Oct. 2, and Brent hit $105.88. The US 30-year bond yield set a new 24-year high of 5.73% before dropping to 5.65%. Cointelegraph, Oct 8
  6. Bitcoin dropped to $81,000 on Thursday, its lowest since Sept. 21, amid fresh concerns about US-Iran military action. Cointelegraph, Oct 8
  7. Bitcoin rebounded to $82,000 as Trump ruled out an Iran strike before the midterms, while crypto security experts pushed back on bunker mode fears. CoinDesk, Oct 9
  8. US spot Bitcoin ETFs recorded $484.9 million in net outflows on Wednesday, the largest since June 25, which wiped out $321.6 million in net inflows from October's first four trading sessions and left the funds with approximately $163 million in net outflows for the month. Cointelegraph, Oct 7
  9. US spot Ether ETFs recorded $160.9 million in net outflows on Wednesday, extending their losing streak to seven consecutive trading sessions, and have shed approximately $569 million since Sept. 29. Cointelegraph, Oct 7
  10. About $356 million in ETH positions were liquidated over 24 hours, more than bitcoin despite ether's market value being less than a fifth as large. CoinDesk, Oct 9
  11. Thailand's Securities and Exchange Commission finalized rules allowing crypto ETFs to list on the Stock Exchange of Thailand, limited initially to Bitcoin and Ether. The rules take effect on Oct. 16, 2026. Cointelegraph, Oct 9
  12. Brent crude, the international benchmark, rose by 5% to $105.3 a barrel on Thursday, triggering a wave of selling in the global bond and stock markets. The Guardian, Oct 8
  13. Pimco's investment chief warns that a further sharp rise in US borrowing costs is feasible as market participants are forced to unwind losing bets. Financial Times, Oct 9

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