The US is reportedly preparing short, intense strikes on Iran as early as November 4, one day after the midterm election…
The US is reportedly preparing short, intense strikes on Iran as early as November 4, one day after the midterm elections
Gulf allies have been warned to brace for the operation and for Iranian retaliation against energy facilities and critical infrastructure, per MS NOW, with the WSJ and AP reporting similar warningsDiplomats briefed on the plans say the campaign could last several daysPresident Trump has not given final approval, but US forces are restocking munitions, readying bombers and fighters, and moving troops away from exposed basesThe Pentagon puts the cost of the war at $47.1B so far, and the US hasn't struck Iran since early SeptemberOil is already elevated, with WTI finishing Friday around $103Markets just had the worst Nasdaq 100 day since June, and now election week comes with a fresh oil risk premium. If Gulf energy sites end up in the crossfire, $XLE and $USO move first and inflation fears follow right behindSource: StockMarket.News
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