Story perspectives

Trump Rules Out Iran Attack Before Midterms, Oil Drops

By Drooid · Oct 9, 2026, 7:33 PM UTC · How we work

Summary

Trump Iran Election Delay

President Donald Trump said the U.S. will not attack Iran before the November midterm elections, prompting oil prices to fall.
U.S. stock futures rose as investors reacted to lower oil prices and a strong tech earnings outlook.
SpaceX shares jumped 3% after the company agreed to acquire a nationwide low-band spectrum portfolio.
Telecom giants T-Mobile, AT&T and Verizon fell 9.1%, 7.4% and 6.3% respectively.

Summary

FCC Approves Starlink

FCC approved Starlink Mobile’s Gen2 constellation, allowing launch of 15,000 VLEO satellites for 2 GHz service.
The 800 MHz low-band spectrum works with most current smartphones, removing need for dedicated satellite handsets.
SpaceX must secure roaming agreements before delivering a high-quality mobile product in the United States.
Shares of American Tower, Crown Castle and SBA Communications rose 6-8%, betting on more terrestrial infrastructure demand.

History

Historical Context

In 1998 the FCC auctioned the 800 MHz PCS band, raising $12.5 billion and reshaping America’s national wireless communications landscape for future services. The auction granted licenses to T-Mobile, AT&T, and Verizon, each receiving roughly 84 MHz of spectrum to expand 3G networks across the country. Now, Trump’s assurance against an Iran attack lowered oil prices, while SpaceX’s low-band spectrum purchase and FCC’s Starlink Mobile approval revive the 1998 liberalization model. Consequently, shares of American Tower, Crown Castle, and SBA Communications surged 6-8% as investors anticipated demand for ground infrastructure linking terrestrial networks to satellite services.

1 of 3

Trump Iran Election Delay

President Donald Trump said the U.S. will not attack Iran before the November midterm elections, prompting oil prices to fall.
U.S. stock futures rose as investors reacted to lower oil prices and a strong tech earnings outlook.
SpaceX shares jumped 3% after the company agreed to acquire a nationwide low-band spectrum portfolio.
Telecom giants T-Mobile, AT&T and Verizon fell 9.1%, 7.4% and 6.3% respectively.

1 / 3