US WARNS GULF ALLIES ON IRAN CAMPAIGN

The United States has told Arab Gulf states to prepare for a "short but intense" military campaign against Iran once the November 3 midterm elections are over, the Wall Street Journal reported. About 20 warships are already positioned across the Middle East, and an additional carrier strike group and Marine expeditionary force are set to join next month. Trump has held off on strikes before the vote, even as Netanyahu pushes for a renewed offensive against Iranian infrastructure. Once that political constraint lifts, $USO is the asset most exposed to a sudden supply-risk premium.