For Paulo Filho, the US election and the risk of a new offensive against Iran could weigh on oil

In the Gazeta do Povo article, Paulo Filho examines the American midterm elections, scheduled for this Tuesday, November 3rd. According to him, the entire Chamber, around a third of the Senate and the governments of 36 states and three territories are at stake. For the author, the outcome will determine who will have control of each chamber in the final stretch of Trump's term, with two years still to go.

Paulo Filho points out that Trump has approval below 40% and disapproval around 60%, according to research aggregators. He notes that Democrats also record more rejections than approvals. He also highlights that a large portion of the electorate has already cast their vote before the date, either in person or by mail, and mentions California, where votes sent by mail are accepted until the 10th, as long as the post has been made by November 3rd.

In the international field, the author speculates that Trump could resume the offensive against Iran after the election. He cites the movement of the USS Theodore Roosevelt, a ship with runways for aircraft, towards the Middle East, along with an amphibious group that includes the 13th MEU, a marine force. Furthermore, it cites the Iranian attacks on tankers in the Strait of Hormuz that continue to occur.

For him, oil and fuel prices in the US are high, which would be a source of frustration for Trump. According to his assessment, an attack on Iran would tend to worsen supplies and push prices up even further.

Automatically translated from Portuguese.