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2026-11-03 14:20:25
[Limited Strikes in Strait of Hormuz Ahead of US Election, US-Iran Negotiations Continue] ⑴ The US conducted small-scale strikes against Iranian targets in the Strait of Hormuz on Monday, with explosions heard on Qeshm Island. The operation was limited in scale. ⑵ This action comes close to the US congressional election. While conducting sporadic strikes, the US continues diplomatic consultations with Iran. The Vice President is optimistic about the prospects of the negotiations. ⑶ Israel is pressuring the US to escalate strikes against Iran after the election. Some Middle Eastern allies are concerned about an escalation of the conflict, increasing shipping risks in the Red Sea. ⑷ Driven by positive expectations for negotiations, international oil prices fell on the day. High oil prices are a negative factor for the Republican Party's election prospects.
