The U.S. military is preparing to restart major combat operations against Iran, and WTI crude oil futures surged 3% intraday.

October 8th, according to Bitget data, WTI crude oil futures surged 3.00% intraday, currently reported at $90.93 per barrel.

On the news front, the Pentagon has asked U.S. Central Command (CENTCOM) to complete preparations to resume major combat operations against Iran, but Trump has not yet made a final decision, nor has a specific strike date been set. U.S. and Israeli officials say that if operations restart, the timing could fall before the (November 3rd) U.S. midterm elections, or even earlier than the (October 27th) Israeli elections.