More ships attacked in Persian Gulf, oil prices rebound slightly after post-midterm plunge

CBS News · Tucker Reals, Ahmed Shawkat, Duarte Dias · 2026-11-04 08:46 UTC

Oil rebounds slightly as ships continue coming under attack in the Persian Gulf after prices plunged following President Trump's midterm elections rebuke.

Follow updates on the war in the Middle East for Friday, Nov. 6, here. See earlier developments below.

What to know about the Iran war:

- Oil prices fell sharply after the midterm elections, as markets appeared to hope the results might push President Trump toward a deal to end the Iran war and reopen the Strait of Hormuz. Commercial ships in the region continue coming under attack, however, and hitting sea mines, according to Iranian authorities.

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