Many Iranians fear a return to all-out war as Israeli and U.S. leaders sharpen threats ahead of elections in both countries. Israeli Prime Minister Benjamin Netanyahu says Iran's leadership must be eliminated, while U.S. President Donald Trump vows to “finish the job” eight months after the war began. A former Iranian official says Tehran expects new U.S. strikes regardless of the midterm results, and Iran has threatened U.S. bases and undersea data cables in the Strait of Hormuz. A U.S. naval blockade of Iranian ports has restricted oil exports, causing medicine shortages, record currency lows and soaring inflation. Staple prices have jumped, with rice over 60% and beef over 150% more expensive, and a supermarket trip can consume half a monthly mid-range salary of 400 million rials (roughly $150).
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XAU/USD
▲ Likely positiveRelevance: medium
| Market | Gold |
|---|---|
| Close on 10/23/2026 | 3,995.78 |
| Change that session | -0.72% |
DXY
▲ Likely positiveRelevance: low
| Market | Currencies |
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| Close on 10/23/2026 | 101.74 |
| Change that session | +0.11% |
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• NeutralRelevance: low
| Market | Vietnam stocks |
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| Close on 10/23/2026 | 1,774.15 |
| Change that session | +0.77% |
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Many Iranians fear a return to all-out war as Israeli and U.S. leaders escalate threats ahead of elections in both countries, while Iran's leaders remain defiant. Israeli Prime Minister Benjamin Netanyahu, facing a close vote on Tuesday, says Iran's leadership must be eliminated, and U.S. President Donald Trump vows to "finish the job" eight months after the war began, as a third aircraft carrier and thousands of troops head to the region. Some fear attacks just after the U.S. midterms on Nov. 3. The U.S. naval blockade of Iranian ports has restricted oil exports, the currency has hit record lows, inflation has soared, and medicine shortages have emerged. Former government official Sasan Karimi says economic pressure will not change Iran's negotiating position.
- Iranians fear a return to all - out war with US and Israeli elections
Many Iranians fear a return to all-out war as Israeli and U.S. leaders sharpen threats ahead of elections in both countries, while Iran's leaders remain defiant under mounting pressure. Israeli Prime Minister Benjamin Netanyahu says Iran's leadership must be eliminated, and U.S. President Donald Trump vows to 'finish the job' eight months after the war began, as a third aircraft carrier and thousands of troops head to the region. A U.S. naval blockade of Iranian ports has restricted oil exports, pushing the currency to record lows and inflation higher, while Iran has threatened new targets, including undersea data cables in the Strait of Hormuz. Staple prices have surged, with rice over 60% more expensive and beef over 150%, and a supermarket trip can use up half a monthly mid-range salary of 400 million rials (roughly $150). Some Tehran residents are preparing to leave the city.
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