U.S. launches defensive strikes at Iranian targets near Strait of Hormuz

Updated on: November 2, 2026 / 10:50 PM EST / CBS News

U.S. launches defensive strikes at Iranian targets near Strait of Hormuz

TL;DR

  • U.S. military launched limited defensive strikes at Iranian targets near the Strait of Hormuz.
  • The strikes targeted Iran's Qeshm Island in response to Iranian Revolutionary Guard Corps firing at an American aircraft.
  • The strikes occurred on the eve of Election Day, with President Trump expressing varied sentiments about future actions against Iran.
  • The war has significantly impacted U.S. and Israeli elections.
  • The cost of the war to the U.S. military is estimated at least $47.1 billion as of mid-October.
  • This cost includes $29 billion for replacing spent munitions and $6.1 billion for lost equipment.