Iranian Revolutionary Guard claims full control over Strait of Hormuz, daily penalties for violating ships

President Donald Trump dismissed the prospect of launching a new attack on Iran prior to the upcoming US midterm elections on November 3, stating that Washington was engaged in constructive talks with Tehran. His statement, posted on his Truth Social platform, came after a spike in oil prices fueled by media reports hinting at potential U.S. strikes before the elections.

Trump emphasized that Iran is in a dire economic and military situation, and the blockade against the country would remain in place. He affirmed that discussions with Iran's Islamic Republic were ongoing, although he did not offer further details. The Atlantic magazine and The New York Times independently reported that the White House had requested the Pentagon to devise strike options against Iranian targets that could be deployed before the midterms.

The surge in crude oil prices has been attributed to persistent tensions in the Strait of Hormuz and ongoing hostilities between Iran-backed Houthi rebels and Saudi Arabia. A tanker off the coast of Qatar was recently hit by multiple projectiles, resulting in unspecified casualties. Despite Trump's assertion that the U.S. had secured victory in the Iran conflict, recent events have failed to alleviate voters' discontent over surging fuel prices.

The midterm elections will significantly impact the final two years of Trump's presidency, as his Republican Party faces the possibility of losing control of Congress. While not a candidate, Trump remains highly involved in the campaign, holding campaign rallies to mitigate potential losses or even reverse the political tide. He warned of a potential third impeachment if Democrats regain control of the House of Representatives and the White House is preparing for various investigations into alleged misconduct.