foreign-policy
Iran Claims Seven Tankers Hit in Hormuz as US Pulls Diplomats From Saudi Arabia; White House Rules Out Strikes Before Midterms
Iranian state television and the Revolutionary Guard navy said seven oil tankers were hit or damaged in the Strait of Hormuz overnight into Thursday. Four were said to be targeted while transferring oil, and three were said to have struck naval mines. President Donald Trump said Iran was making up the incidents to push up oil prices before the midterms. The State Department ordered some diplomats and the families of US government employees to leave Saudi Arabia, which is facing near-daily Houthi attacks. At least three people were killed at an airport and an oilfield. Similar withdrawals were reported from the UAE, Jordan, Qatar and Bahrain. ABC News, citing sources, reported that the US and Israel are drawing up plans to resume attacks on Iran after the Nov. 3 midterm elections. The White House said the US will not resume attacks before then. Trump said the US 'may do it a little bit further,' signaling possible further strikes.
Feb 28Trump announced 'major combat operations' against Iran.
Oct 21Oil stayed near multimonth highs as Hormuz risks persisted.
Oct 22State Department ordered some diplomats out of Saudi Arabia; Iran claimed seven tankers were hit; White House ruled out strikes before the midterms.
Oct 23Brent rose above $114; US envoys said the standoff could be prolonged.
Nov 3US midterm elections.
Why It Matters
Oil near $114 a barrel feeds into inflation for American households, along with fuel and heating costs. Emergency oil stocks are at multidecade lows, and analysts quoted by Al Jazeera say the world may have only a month or two of cushion if Hormuz shuts again. US diplomats and their families in Gulf states are being moved out of harm's way, and Iran has said it keeps missile and drone stockpiles. The Iranian tanker claims are unverified, and the president publicly disputes them, so shippers and markets are reacting to contested information.
What's Next
Confidencemoderate
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