The US has warned its allies in the Gulf to prepare for a new cycle of attacks on Iran, which could begin as early as November 4, the day after mid-term elections. Three oil tankers were reported to have caught fire in the Strait of Hormuz, according to Iranian military officials. The US military claims the Strait of Hormuz is now secured, following reports that four tankers were hit in the area. US President Donald Trump has said the war on Iran will 'get wrapped up soon'.

The warning comes as tensions escalate between the US and Iran, with the US military allegedly having dismissed a general involved in planning attacks on Iran. Iranian officials have accused the US of planning new attacks, with the Supreme Leader Ayatollah Ali Khamenei issuing a warning against such actions. The situation has led to a rise in oil prices, with prices increasing by about 15% in October.

The Strait of Hormuz remains a critical shipping route for global oil supplies, and the recent incidents have raised concerns about the stability of this vital passage. The US has been accused of planning new military actions against Iran, with some officials suggesting that attacks could begin shortly after the mid-term elections. The Iranian military has confirmed that three oil tankers encountered problems while attempting to pass through the Strait of Hormuz without authorization. The US has not officially confirmed these reports, but has stated that the area is now under control.