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US military strikes Iran's Qeshm Island amid hopes for negotiated settlement

Market News
03 Nov 2026, 04:51 WIB
CNBC
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Neutral
US military strikes Iran's Qeshm Island amid hopes for negotiated settlement

The US military conducted attacks on Iran's Qeshm Island, reportedly targeting underground missile and drone facilities. Despite these strikes, Vice President JD Vance expressed optimism about reaching a negotiated settlement with Iran, though he acknowledged the unpredictability of Tehran. The US administration, led by President Trump, continues to balance military pressure with diplomatic efforts, emphasizing that all options remain on the table to prevent Iran from acquiring nuclear weapons. This dual approach aims to avoid a full-scale war while addressing security concerns in the Persian Gulf region.

The U.S. strikes on Iran's Qeshm Island provide context for the Energy sector's market snapshot on Pluang as of Nov 03, 2026 10:21 WIB: out of 79 priced Energy-sector US stocks, only 6 rose while 73 fell. Tidewater Inc (TDW) dropped 9.02% to USD 79.46, contrasting with Centrus Energy Corp (LEU) which fell 7.39% to USD 95.66 but saw 100% buy orders and a typical hold time of 35 days. Meanwhile, SM Energy Company (SM) declined 7.31% to USD 37.43 with all sell orders and a much shorter typical hold time of 5 days.

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