Is the US-Iran War Restarting? US Reportedly Strikes Qeshm Island on Midterm Eve
The US reportedly struck Iran's Qeshm Island near the Strait of Hormuz on the eve of the US midterm elections, answering IRGC fire on a US aircraft. Officials described the action as defensive and part of a series of limited strikes in a war that began February 28. Escalation risk in the Gulf is a macro factor that can hit risk assets and oil-linked markets.