Oil is pushing higher and gas is over $4 a gallon, which is bad for drivers, farmers, and anyone watching grocery prices.

• Iran's foreign minister says the country is fully prepared for a renewed war with the US, while still leaving the door open to talks.
• Trump is reported to be planning to resume bombing Iran after the midterms, and Iran says it has changed its military tactics since the last rounds of fighting.
• Iranian forces are going after ships in the Strait of Hormuz for a second straight night, and the US is trying to push traffic through a guarded lane closer to Oman.
• Oil is trading at a big war premium over pre-invasion levels, and tanker insurance costs are keeping supply tight even as US officials insist Iran does not control the strait.
• Tariffs are squeezing American farmers too — higher costs for tractors and equipment plus Chinese retaliation — while the administration points to new buyers like Bangladesh and Cambodia.

Outlook: With bombing talk tied to the midterms and attacks on shipping continuing, expect oil and gas prices to stay high or spike further.