IRAN SAYS 7 OIL TANKERS ATTACKED IN STRAIT OF HORMUZ AS WAR FEARS GROW

What happened: Iran said seven oil tankers caught fire or were damaged in the Strait of Hormuz overnight after being hit by Iran or striking naval mines, according to Iranian state television citing the Revolutionary Guard Corps navy. Why it matters: October has had the most reported attacks on commercial shipping since March, per UKMTO, and a researcher said a clear Netanyahu election win means an attack on Iran is almost guaranteed. Tankers still move oil via a U.S.-protected "dark shuttle" at high cost, with spot charter rates in the hundreds of thousands of dollars a day. Coverage: 3 outlets in 24h

Iran said seven oil tankers caught fire or were damaged in the Strait of Hormuz overnight after being hit by Iran or striking naval mines, according to Iranian state television citing the Revolutionary Guard Corps navy.

October has had the most reported attacks on commercial shipping since March, per UKMTO, and a researcher said a clear Netanyahu election win means an attack on Iran is almost guaranteed. Tankers still move oil via a U.S.-protected "dark shuttle" at high cost, with spot charter rates in the hundreds of thousands of dollars a day.