U.S. launches defensive strikes at Iranian targets near Strait of Hormuz
Updated on: November 2, 2026 / 10:50 PM EST / CBS News
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.