President Trump says new US strikes on Iran look very unlikely if Tehran makes progress on its nuclear program and the Strait of Hormuz. The two sides have been negotiating privately through Qatar.
Secretary of State Marco Rubio says a breakthrough is not close yet. Iran is seeking relief for billions in frozen assets and compensation for the death of Supreme Leader Ali Khamenei.
Trump told 60 Minutes he does not dispute Vice President JD Vance's view that the war was partly why Republicans lost, but defends attacking Iran. He meets Qatar's prime minister Monday.
The tech giants known as the Magnificent 7 wiped out more than $1 trillion in value between them on Thursday. The slide came after the US midterms and reflects worries over AI spending and rising prices.
Much of the AI buildout runs on borrowed money, so pricier credit could slow it. Tensions with Iran may keep oil expensive and push the Fed toward higher interest rates, while the midterm outcome is expected to slow data centre construction.
Investors will now split AI firms into those with existing data centre capacity and those facing legislative and borrowing hurdles.
Republicans took a heavy beating in the midterms, and President Trump now has to decide whether to escalate or wind down his eight-month-old war with Iran. He has warned that he may resume full-scale bombing if Tehran refuses terms he accepts.
Trump said the war pushed gas prices up a bit, but that he would make the same decision again. A national voter survey found about 6 in 10 people called the decision to go to war the wrong choice.
Brent crude fell below $95 a barrel after the vote, its lowest level in two months, a sign that markets do not expect major new strikes.
US Politics Daily@uspoliticsdaily
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