Oil prices rocket to $111 a barrel after a report says Trump and Israel plan new Iran strikes once the midterms are over

Brent crude jumped 2.68 percent to $111.74 on Thursday, with just 12 days left before the November vote. Consumer prices are already up 3.7% on a year ago, and the gasoline index leapt 9.1% in September alone. Republicans now face the real prospect of losing both the House and the Senate. American and Israeli commanders have reportedly drawn up a 'short but intensive' operation against Iran's nuclear sites.

Trump has reportedly floated dropping the 'Mother of All Bombs' on Pickaxe Mountain.

Trump vowed this month not to strike before the vote.

A new AP-NORC poll finds voters want Congress focused on costs and Iran.