Is the US-Iran War Restarting? US Reportedly Strikes Qeshm Island on Midterm Eve

Source Beincrypto

The US struck Iran’s Qeshm Island on Monday, US officials told the Wall Street Journal. Iranian state media reported several explosions on the island, which sits near the Strait of Hormuz.

According to the BBC, officials said the strikes answered Iran’s Islamic Revolutionary Guard Corps (IRGC) firing on a US aircraft. The attack came on the eve of the midterm elections, in a war that began February 28.

US Strikes Iran’s Qeshm Island

The Journal said Monday’s attack was the latest in a series of limited strikes in recent weeks. One official said Washington kept the campaign quiet to avoid signaling a return to major combat.

Three US officials described the action to CNN as defensive and meant to protect US assets. Others told the Journal the strikes aim to curb Iranian attacks on commercial shipping. The IRGC, meanwhile, claimed it captured two US drones south of Qeshm.

Qeshm, the largest island in the Persian Gulf, reportedly houses anti-ship missiles, mines and drones in underground tunnels.

Follow us on X to get the latest news as it happens

Strike Plans Wait on the Other Side of the Vote

The Journal reported last week that CENTCOM chief Adm. Brad Cooper briefed Trump on Iran military options. Trump could still decide against action, the report said.

Earlier, Trump said no when reporters asked whether significant strikes would resume after the vote. He also told Fox News the US could target Pickaxe Mountain, an underground nuclear site south of Natanz.

Talks continue through mediators, led by Qatar. Iranian Foreign Minister Abbas Araghchi described them as very intensive. Tehran says its seven-step plan could take effect within two days.

Vice President JD Vance sounded optimistic.

“The president and I both feel really good about the prospect of potentially coming to a negotiated settlement,” he said.

He added that the Iranians are unpredictable and that Trump keeps both military and non-military options open.

Oil Gives Its Own Answer

Oil prices edged higher after the reports, though the move was small. Brent crude rose 0.67% on the day to $105.48 per barrel. West Texas Intermediate (WTI) gained 0.73% to $97.16.

Brent and WTI crude prices after the US strike on Qeshm IslandBrent and WTI crude prices after the US strike on Qeshm Island. Source: TradingEconomics

That bounce recovers little of Monday’s slide of more than 6% on peace headlines. Brent now sits just above Goldman Sachs’ raised forecast of $105.

Tuesday’s vote also decides which party controls Congress. The World Gold Council has argued a Democratic Congress could restrict war funding, adding another variable for Washington’s next move on Iran.

Subscribe to our YouTube channel to watch leaders and journalists provide expert insights

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Fed Holds Rates but Quietly Rewrites One Line. Bitcoin and Gold ReactThe Federal Reserve (Fed) kept interest rates on hold at 3.75% to 4% on Wednesday. But two of its 12 voters wanted a hike, and they said so on the record.That split matters for anyone with a mortgage,
Author  Beincrypto
Oct 29, Thu
The Federal Reserve (Fed) kept interest rates on hold at 3.75% to 4% on Wednesday. But two of its 12 voters wanted a hike, and they said so on the record.That split matters for anyone with a mortgage,
placeholder
Binance Hack: $2 Billion Drained, Circle and Tether Freeze, Crypto Markets ReactBinance has confirmed a major security incident, with more than $2 billion drained across wallets. Circle and Tether have reacted quickly to freeze the majority of the funds.The concern centers on an
Author  Beincrypto
Oct 30, Fri
Binance has confirmed a major security incident, with more than $2 billion drained across wallets. Circle and Tether have reacted quickly to freeze the majority of the funds.The concern centers on an
placeholder
Musk and a Wall Street Billionaire Eye a Market Bitwise Says 99.9% of Americans Don't KnowElon Musk, billionaire investor Stan Druckenmiller and Bitwise Chief Investment Officer Matt Hougan all reacted on Thursday to the same deal. Intercontinental Exchange (ICE), owner of the New York Sto
Author  Beincrypto
Oct 30, Fri
Elon Musk, billionaire investor Stan Druckenmiller and Bitwise Chief Investment Officer Matt Hougan all reacted on Thursday to the same deal. Intercontinental Exchange (ICE), owner of the New York Sto
placeholder
Tesla and SpaceX Stocks Fall as Investors Worry About Elon Musk’s Political RiskWhile the US stock market surged on Wednesday, SpaceX and Tesla stocks were sliding. Democrats won both chambers of Congress and the Texas governor’s race, defeats that land squarely on Elon Musk’s co
Author  Beincrypto
Nov 05, Thu
While the US stock market surged on Wednesday, SpaceX and Tesla stocks were sliding. Democrats won both chambers of Congress and the Texas governor’s race, defeats that land squarely on Elon Musk’s co
placeholder
Nvidia Enters Bear Market As Google Strikes Amid Jensen Huang's China Spy WoesNvidia, the engine of the AI boom, is in a bear market. Shares sank to about $177 on Monday, 26% below their October record, as a China spy scandal reached its CEO.A bear market means a fall of 20% or
Author  Beincrypto
Nov 10, Tue
Nvidia, the engine of the AI boom, is in a bear market. Shares sank to about $177 on Monday, 26% below their October record, as a China spy scandal reached its CEO.A bear market means a fall of 20% or
goTop
quote