U.S. carries out limited strikes on Iran's Qeshm Island
U.S. forces carried out what officials called "defensive strikes" on Iran's Qeshm Island in the Strait of Hormuz on Monday night, ABC News and The Wall Street Journal reported, citing U.S. officials. Officials described the strikes as limited and said they do not signal a return to major combat operations. Iranian state media reported several explosions on the island. Oil prices rose in overnight trading after falling more than 7% on Monday, with Brent crude above $105 a barrel.
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Why it matters
A day before the strikes, President Trump reportedly said he wanted to give diplomacy with Iran more time. Brent crude rose above $105 a barrel overnight after falling more than 7% on Monday, and oil prices feed into fuel costs.
How each side sees it
Sources
- ABC News: US carries out defensive airstrikes on Iran's Qeshm Island, officials say
- The National: Oil prices cross $105 after US strikes on Iran's Qeshm Island
- TipRanks: Stock market today, Nov. 3 (oil prices)
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