The warning follows reports that Iranian officials are escalating attacks on shipping in the Strait of Hormuz to keep global oil prices elevated ahead of the Nov. 3 midterms. According to The Washington Post, Tehran aims to create economic pressure to punish President Donald Trump and influence the election outcome. An Arab diplomat told the publication that Iranian leadership is "obsessed" with the idea that energy price pain could bring down a presidency.
Tuesday, October 20, 2026
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Iran to Hit US Assets Without Limitation
Commodities9 hours ago
Military head Ali Abdollahi warned Tuesday that his country is prepared for conflict regardless of the upcoming congressional vote. The armed forces chief stated that Tehran will target US interests without limitation if Washington takes action against Iran, whether acting directly or at the urging of Israel. Abdollahi added that any new war against Iran would "engulf everyone" and blamed the presence of US forces for regional insecurity and economic distress.
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