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 Rate Decision This Week: Will the US Dollar Strengthen and Gold Prices Fall? (26 October 2026)Fed decision, US inflation and Middle East tensions take centre stage. Explore the US dollar, gold and AUD/USD outlook for Australian traders.
Author  Mitrade Team
Oct 26, Mon
Fed decision, US inflation and Middle East tensions take centre stage. Explore the US dollar, gold and AUD/USD outlook for Australian traders.
placeholder
Bitcoin Price Outlook For November 2026: One Price Level Remains CriticalBitcoin price enters November defending $76,000, the average cost basis of short-term holders. The level was held after the Binance hack pushed BTC to a six-week low of $76,275.The shock from Binance
Author  Beincrypto
Nov 03, Tue
Bitcoin price enters November defending $76,000, the average cost basis of short-term holders. The level was held after the Binance hack pushed BTC to a six-week low of $76,275.The shock from Binance
placeholder
Little-Known CoreWeave CEO Line Helps Fuel 15% CRWV Stock RallyOne sentence helped lift CoreWeave (CRWV) stock 15.6% to $56.33 in premarket trading Wednesday. CEO Michael Intrator told investors the AI cloud company would stop borrowing where lenders charge it mo
Author  Beincrypto
Nov 12, Thu
One sentence helped lift CoreWeave (CRWV) stock 15.6% to $56.33 in premarket trading Wednesday. CEO Michael Intrator told investors the AI cloud company would stop borrowing where lenders charge it mo
placeholder
Market News Today Australia: Gold Falls Below $3,900, WTI Oil Jumps as Nvidia Slides Gold plunges below US$3,900, WTI oil jumps over 2%, and Nvidia falls after its CEO exits. Explore the latest market news and outlook for Australian traders.
Author  Mitrade Team
Nov 13, Fri
Gold plunges below US$3,900, WTI oil jumps over 2%, and Nvidia falls after its CEO exits. Explore the latest market news and outlook for Australian traders.
placeholder
XRP Announces Major Reset on November 25 – Will Price React?Two XRP Ledger networks will be wiped clean on November 25 after a server crash left critical testing infrastructure unable to recover.The announcement comes as XRP struggles near $1.03, raising quest
Author  Beincrypto
Nov 13, Fri
Two XRP Ledger networks will be wiped clean on November 25 after a server crash left critical testing infrastructure unable to recover.The announcement comes as XRP struggles near $1.03, raising quest
goTop
quote