US oil and gas firms reap large profits as Iran war lifts energy prices

■ Steady

Trump repeats threat to resume strikes on Iran as Doha talks and Gulf diplomacy continue

At a Sunday campaign rally, President Trump repeated that he might resume strikes on Iran at an unspecified time, having earlier said he would not strike before the US midterms. Iran warned that a renewed war could outlast the last one and said retaliation would have no geographic limits. Iran's IRGC says two tankers struck mines and caught fire in the Strait of Hormuz. Indirect talks in Doha have run for several days, and China is sending an envoy to the Gulf.

• Iran's IRGC says two tankers hit mines and caught fire in the Strait of Hormuz; Trump again said the conflict will end soon and urged Iran to make a deal.
• Indirect talks in Doha entered a third day on Saturday, with Qatar trying to negotiate the release of more than $6bn in Iranian assets. Gulf officials await Washington's reply to an Iranian proposal that could reopen the Strait of Hormuz.
• Iran's foreign minister says Iran and Qatar have a plan to reopen the Strait within two days, provided the US meets Tehran's conditions.
• Gulf states fear a resumption of US attacks after Tuesday's midterms, according to NPR, and Ryanair warned of possible pay freezes over fuel costs.