IRAN WAR LATEST
Trump's Iran war may be 'militarily' over, but economic siege still haunts
Trump said on November 10 that the war is "effectively" over militarily. A day after a keenly-watched meeting with Qatar's Prime Minister, he said that another major US bombing campaign against Iran was unlikely for now. So, what does it really mean?
US gas prices drop after midterm elections as oil falls below $100 - But will the relief last?
Gas prices in the United States have recently seen a welcomed dip, giving consumers a much-needed break from rising costs. This decrease coincided with the aftermath of the 2026 US midterm elections, providing hope for reduced hostilities related to the Iran war. Nonetheless, experts advise caution, indicating that electoral outcomes alone cannot mitigate the complex geopolitical challenges influencing oil supply and prices, particularly with ongoing tensions like the Russia-Ukraine conflict.
Death toll from Saudi attack in Yemen rises to 44
The death toll from Saudi strikes on Yemen's Sanaa province climbed to 44, including more than 20 children, the Houthis said on their television channel Monday. "The toll from the Saudi enemy's massacre in the Alshariyah area of Bani Hushaysh, east of Sanaa, 44 martyrs and 40 wounded," the Houthis' ministry of health said, according to the group's Almasirah TV channel.
Yemen urges Lebanon to curb Hezbollah's military support to Houthis, seeks joint action
Yemen's Foreign Minister Afrah Al-Zouba called on Lebanon to take action against Hezbollah's military support for Houthis. She emphasized the need for coordination between the two nations to protect their sovereignty and security. Lebanese Prime Minister Nawaf Salam condemned external military activities by Lebanese elements in Yemen's affairs. Salam stressed the importance of maintaining Lebanon's independence and avoiding involvement in foreign conflicts.
After the US midterm rout of Trumpism, the world struggles to trust America again
In the wake of the midterm elections, Joe Reeve alongside other international observers share their skepticism about the integrity of American democracy. A dominant concern is the potential volatility in U.S. policy amidst Trump’s sway. There’s a strong call from world leaders for the U.S. to uphold its democratic values, as businesses start to feel anxious about impending changes in trade and immigration policies.
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Iodine tablets and radiation fears: Is Iran preparing for the worst?
Iran has reportedly begun distributing iodine tablets to residents near its nuclear facilities amidst rising tensions. US military preparations against Iran have heightened anxieties about a potential attack on sensitive nuclear sites. Pickaxe Mountain, a key complex near Natanz, poses significant radiological risks if targeted in any confrontation. Iranian officials have warned of retaliatory actions that could extend far beyond the immediate conflict area.
Oil Price Today (November 6): Crude oil nears $100 again as fresh attacks dent peace talk hopes. What are experts saying?
Crude oil price : Oil prices are making a comeback as fears of supply interruptions grow following recent tanker attacks. President Donald Trump has reiterated that Iran must obtain US consent for its nuclear activities. Concerns about potential supply challenges loom large, prompting Goldman Sachs to revise its Brent and WTI crude price projections upwards. Meanwhile, diplomatic negotiations involving Iran, Saudi Arabia, and Qatar progress amid regional volatility.
‘You'll know soon enough’: Trump issues fresh warning to Iran, hints at further strikes and nuclear restrictions
In his latest remarks, US President Donald Trump suggested that military options against Iran remain on the table, though he aims to limit further impacts on stability. He warned that Iran will soon understand the US’s strategy moving forward. Trump's comments come after midterm elections which revealed public concerns about prolonged conflicts.
Iran FM Abbas Araghchi holds phone talks with Saudi counterpart: State media
The two regional powerhouses restored ties in 2023 after a freeze but have been at odds over the war in Yemen, where the Houthis are fighting the Saudi-backed internationally recognised government and have repeatedly launched attacks on the kingdom.
Why anti-Trump Republican Thomas Massie wants Pete Hegseth impeached; what the defense secretary can do to avoid the situation
Rep. Thomas Massie plans to push for the impeachment of Defense Secretary Pete Hegseth when Congress reconvenes. Massie outlined allegations against Hegseth, including abuse of power and unauthorized military actions. He suggests that Hegseth's resignation would halt the impeachment process entirely. The Pentagon has expressed support for Hegseth, affirming his leadership and commitment. A House vote would occur if Massie proceeds with the impeachment articles.
Japan bond yields fall as oil prices slide on hopes of Iran war de-escalation
Japanese government bond yields declined across maturities, tracking a fall in US Treasury yields as lower oil prices eased inflation concerns and improved hopes of an end to the Iran conflict. However, expectations of further Bank of Japan rate hikes could limit the decline.
Democrats vow bill to end Iran war after midterm sweep
Democrats are preparing to end the US military involvement in Iran and address rising tariffs. They aim to restore Affordable Care Act tax credits and lower costs of living for Americans. The new Congress will initiate investigations into the Trump administration, utilizing enhanced oversight powers. Both parties are aware of the impact of the midterm election results on future policies.
Pete Hegseth might meet the fate of top military officers he fired as Trump considers removing him after Republicans lose midterms: Here’s a list of all those the Secretary of Defense sacked
Following a lackluster midterm performance, President Trump is rumored to be weighing the dismissal of Defense Secretary Pete Hegseth. Concerns about Hegseth's grasp on the Iran war are growing, prompting official deliberations about his future. With Democrats signaling intentions to launch investigations, the specter of impeachment looms for Hegseth due to the controversies surrounding his leadership, which has already seen multiple military officials dismissed.
Iran's leaders say midterm results show US voters have rejected Trump's war
Iranians expressed defiance following the US midterm elections, celebrating the Democrats' victory over Donald Trump. Supreme leader Ayatollah Mojtaba Khamenei indicated no expectation of changes in US policy toward Iran. Politicians and officials warned of severe consequences if the US disregards the election results. Demonstrators in Tehran commemorated the 1979 US Embassy takeover, showcasing ongoing hostility. Recent military actions have intensified, raising concerns about potential renewed conflict in the region.
US oil prices crash below $90 as JD Vance blames Iran War for GOP election loss: WTI falls to $88.92, Brent drops to $94.82, but will gas prices follow?
Why did oil price crash below $90 today? US oil prices fell sharply after midterm election results indicated Democratic control of Congress. Vice President JD Vance connected the Iran war to the Republicans' defeat, impacting market sentiments. Traders expressed reduced concerns over future military action against Iran, causing a decline in oil prices. While falling US crude inventories typically support prices, the political landscape took precedence for traders.
From Iran to trade, how the US midterms impact the rest of the world
US Democrats' recent midterm election victories could influence global relations, especially concerning Iran and Israel. The potential for a peace deal with Iran seems viable as US voters oppose prolonged conflicts. In Ukraine, Democrats may propose increased financial and military aid, which could face delays. Additionally, Asian countries may reconsider investment pledges to avoid tariffs in light of these outcomes.
Iranian officials say midterm results show US voters have rejected Trump's war
Concerns about the war's effects, particularly frustration over rising prices for fuel and other goods in the U.S., helped Democrats win control of both chambers of Congress in Tuesday's vote.
Saudi Aramco Q3 profit jumps 34.5% to $36.25 billion despite ongoing US-Iran conflict
Saudi Aramco reported a 34.5% year-on-year rise in third-quarter net profit to $36.25 billion, beating analyst estimates. Higher oil prices and the exit from a joint venture supported earnings, helping offset production disruptions and security risks amid the US-Iran conflict.
US to hold trilateral talks with Ukraine, Russia in Abu Dhabi next week
Delegations from Ukraine and Russia will meet in Abu Dhabi on November 10-11 for peace talks. The discussions seek to address ending the conflict, post-war security agreements, and humanitarian measures. American negotiators, including Steve Witkoff and Jared Kushner, will represent the U.S. Recent U.S.-mediated talks have aimed at finding a breakthrough before winter arrives. Both sides reportedly remain far apart in negotiating a potential peace deal.
US secretly attacks Iran's Qeshm Island at strategic Hormuz gateway: Report
The United States has reportedly launched covert attacks on Qeshm Island in Iran to protect commercial vessels. President Trump publicly minimized the likelihood of a renewed conflict while suggesting diplomatic negotiations could be effective. Iranian officials have cautioned that any escalated military action will lead to retaliatory measures in the region. Washington is considering multiple options for further actions, including airstrikes and economic sanctions.
Tehran's negotiators leave Doha with no breakthrough in talks
Amid fears the conflict could reignite after Tuesday's midterm elections in the United States, China and Russia both spoke out on Monday against the possibility of renewed military action in a war that has hit the global economy.
Yemen's Houthis advance to within 80 km of Aden, sources say
The advance brings the Houthis closer to Aden than at any point since the early months of the war in 2015, when they briefly entered the city before being driven out. The latest offensive has opened a volatile new front in the wider US-Israeli war on Iran, drawing both the Houthis and Saudi Arabia deeper into the regional conflict.
India’s consumers are back, its stocks aren’t: Srinivasan Sivabalan
Amid the vibrant festive season in India, consumer demand is soaring, prompting businesses to boost sales and raise prices accordingly. However, rising costs are pressuring profit margins, causing a decline in investor confidence. The stock market struggles to reflect the upbeat consumer activity, signaling a potential need for a resolution to the Iran war and governmental intervention to promote stability.
US Stock Market prediction: S&P 500, Nasdaq, Dow Jones, Russell 2000 set for surprise opening on Monday, Apple, AMD, Palantir, Qualcomm other stocks to follow
Wall Street today: U.S. war with Iran has been ongoing since February and has essentially shut down the vital Strait of Hormuz.
Iran-US draft proposes uranium transfer, Hormuz reopening within 7 days: Report
A preliminary draft framework for negotiations between the US and Iran proposes transferring Iran's uranium stockpile. This draft also suggests reopening the Strait of Hormuz within seven days of an agreement. Proposed measures include reducing enrichment levels and easing sanctions by the US. An independent verification mechanism and dispute-resolution process are also outlined in the draft. The negotiations will take place in Doha, moving away from previous Istanbul meetings.
US Iran war: Tehran says discussing plan with mediators to end war, reopen Strait of Hormuz
Iran's Foreign Minister Abbas Araghchi stated that Tehran is negotiating a seven-day plan for peace and stability. The plan aims to reopen the strategic Strait of Hormuz and involve crucial conditions like enforced ceasefire. Regional mediators, particularly Qatar, are facilitating communication to revitalize US-Iran discussions and prevent ongoing conflict. The proposal also includes demands for sanctions relief and asset unfreezing, which remain unresolved.
US warns allies to prepare for possible Iran strikes, retaliation after elections, sources say
US officials have alerted regional allies about potential military action against Iran following the upcoming elections. President Trump's administration is considering renewed strikes against Iran, emphasizing preparations for possible retaliatory actions. Iranian officials express a willingness to pursue diplomatic solutions despite the tensions. The conflict has intensified with Houthi rebels targeting Saudi infrastructure amid unrest. The situation remains fragile as both sides anticipate further developments in the region.
US costs of Iran war rise to over $47 billion, according to Pentagon estimate
The US military's expenditures for the Iran war have surpassed $47 billion as of now and continue to rise. This amount is significantly higher than prior estimates made by the Defense Department, which were previously projected at $37.5 billion. The rising costs of the war have led to declining support for Republican candidates ahead of the upcoming elections.
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