The US and Iran exchange a third consecutive night of strikes over the Strait of Hormuz — oil jumps 4.7%, Asian markets plunge, and an Indian crew member is killed after Iran hits UAE tankers. Israel calls October 27 elections. Rubio launches a campaign to dismantle the ICC.

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Hormuz Heats Up: US and Iran Trade Overnight Strikes

• The US launched fresh waves of strikes on Iranian military targets, hitting missile systems and...