Middle East Market Intelligence Brief: Week Ending October 30, 2026
US President Donald Trump said on Friday that he expects the war with Iran to end soon, although he offered no details on how the hostilities would be brought to a close.
Trump has previously said the United States would not launch strikes against Iran before the midterm elections.
Meanwhile, a Panama-flagged tanker was hit by two limpet mines in the Strait of Hormuz, the first successful attack of its kind since the US-Iran war began. Trump reportedly sent Iran a letter seeking to revive peace talks, but Tehran has yet to respond.
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