AdvertiseDonate
The news, distilled.
Tuesday, November 3, 2026
Global News Business Hub · 414 Union St., Suite 1900, Nashville, TN 37219

Latest stories

  1. Six West Bank Palestinians Arrested Over Alleged Rocket-Building Plot Against Israel
  2. Caribbean leaders urge UK to move beyond debt relief to formal apology and reparations
  3. CPS prosecutor cited fictional case after internet search produced AI response
  4. Asian Cup in Saudi Arabia postponed to December 2027 amid regional conflict
  5. AI borrowing boom intensifies competition for European investment funds

U.S. strikes Iranian targets near Hormuz after American aircraft comes under fire

Limited U.S. strikes on Qeshm Island came as President Trump discussed both a possible agreement with Iran and renewed military action ahead of the midterm elections.

By Marta Price ·

Illustration for: U.S. strikes Iranian targets near Hormuz after American aircraft comes under fire
Illustration generated for this article, not a news photograph.

American forces carried out limited defensive strikes against Iranian targets near the Strait of Hormuz, three U.S. officials told CBS News. According to a senior U.S. official, the operation targeted Qeshm Island after members of Iran's Islamic Revolutionary Guard Corps fired on an American aircraft. The Wall Street Journal first reported the strikes on Monday.

The action took place on the eve of the U.S. midterm elections, with President Trump raising the possibility of resuming hostilities after the vote. At the same time, the U.S. and Qatari mediators were working to broker negotiations on an agreement between Washington and Tehran. The war is entering its ninth month.

Trump's statements on Monday reflected his continued movement between pursuing a settlement and renewing sustained attacks. In an earlier Truth Social post, he suggested an agreement was possible and said Iran wanted to reach one quickly. By Monday night, he was discussing additional Iranian locations that could face military action.

Appearing on Sean Hannity's Fox News program, Trump identified several sites that he said still needed attention, including Pickaxe Mountain, which contains a suspected nuclear site. He characterized the prospective operation as a minor undertaking and said it could be completed in an hour.

Israeli Prime Minister Benjamin Netanyahu urged Trump to conduct further sustained strikes during a telephone conversation over the weekend, The Associated Press reported. Trump confirmed that the two leaders had spoken and described their conversation positively, but offered no details about the subjects they discussed.

The conflict has played a major role in both the American midterm campaign and Israel's parliamentary elections. Rising costs resulting from the closure of the Strait of Hormuz have sharply eroded support for Trump and the Republican Party. In Israel, Netanyahu's party lost its majority in the first parliamentary vote held since Oct. 7, 2023.

A new U.S. Central Command estimate obtained by CBS News put American military spending on the Iran war at no less than $47.1 billion through mid-October. The assessment, supplied to lawmakers, included approximately $29 billion to replenish expended munitions and another $6.1 billion to replace equipment that had been lost.

Around $11.9 billion went toward incremental expenses, including support for U.S. service members. The estimate excluded damage to American military bases across the Middle East, many of which have come under attack from Iranian missiles and drones.

Source: CBS News

More World · Report a business · Got a Story?

Get Global News Business Hub in your inboxThe news, distilled. Free, a few times a week, unsubscribe any time.

Related stories

Get Global News Business Hub in your inboxThe news, distilled. Free, a few times a week, unsubscribe any time.