US and Iran exchange attacks as lull in war appears over
XLE•Trump and Iran trade defiant statements
The lull came as the conflict appeared to be draining both sides. Iran's already ailing economy has been battered by war and its conventional military forces have been degraded. Meanwhile, with U.S. President Donald Trump confronting higher fuel prices ahead of November congressional elections, the U.S. Army has used up much of its global stockpile of highly accurate long-range missiles, Reuters reported last month, raising concerns about the military's readiness for future conflicts.
Nonetheless, the renewal of hostilities produced another exchange of defiant statements.
"I like our position now much better, with almost total control of the Hormuz Strait, and their economy totally collapsing," Trump said. "They are just playing out the inevitable. When are the Iranian people going to rise up and fight?"
Iran threatened the U.S. and its allies.



