IRAN ESCALATES HORMUZ ATTACKS TO KEEP OIL PRICES HIGH AHEAD OF U.S. MIDTERMS Iran is changing its tactics to intensify attacks on ships in the Strait of Hormuz, aiming to keep global oil prices elevated ahead of the November 3 U.S. elections, Reuters reports. A senior Iranian official says Tehran wants to undermine U.S. efforts to lower energy prices. The escalation threatens a waterway that normally carries 20% of global oil and LNG supplies. 14-OCT-2026 07:21 AM ET