Results for “blames iran”

The conflict has lifted energy prices, though they have fallen since the midterms raised hopes for an end to the war.

Plus, Democrats’ disciplined messaging on the economy paid off on Election Day, and how midterm results threaten America’s AI boom.

Decision by MPC a week after the budget comes as Iran war continues to drive up energy costs Business live – latest updates The Bank of England has raised interest rates for the first time in more than three years to combat rising inflation, as the Iran war continues to put upward pressure on energy costs. The widely expected move, which took the Bank’s base rate from 3.75% to 4%, was the first rise since August 2023. Continue reading...

Iran is the biggest winner of Tuesday’s election — or at least, that is what Tehran will likely conclude. Recall that last month, Iran’s Islamic Revolutionary Guard Corps spokesperson Gen. Hossein Mohebbi, in a 25-page letter to the “Honorable People of the United States of America,” encouraged “Americans to vote against President Trump ahead of the midterm elections to change U.S. policy toward Tehran…

Despite wins, Democrats lack the two-thirds majority needed to overturn a presidential veto and push through a law.

Bomb ​threats forced airliners to make unplanned landings across Europe on Thursday morning, the latest in a series of threats targeting flights in Europe. While no country has attributed blame for the threats, they come at a time ​when European officials have been blaming both Russia and Iran for what they describe as "hybrid attacks" and acts of sabotage. Moscow and Tehran both deny any such campaign. FRANCE 24's International Affairs Editor Philip Turle tells us more.

Iran’s Mohammad Bagher Ghalibaf is the ultimate linchpin binding the Islamic Revolutionary Guard Corps’ wartime command network, its post-war construction monopoly, and the legislative machinery anchoring both. While dominating Tehran as mayor from 2005 to 2017, Ghalibaf systematically funneled no fewer than 23 parcels of land and buildings to the Guard Intelligence Unit under a […]

A series of reported secret U.S. military attacks carried out against Iran in the lead up to Tuesday’s midterm elections is raising alarms around public transparency. The United States’s Monday strike on Iranian targets in the Strait of Hormuz — including an anti-aircraft facility on the strategic Qeshm Island — marked the latest in a…

Tuesday’s election laid bare just how much Americans are against the conflict.

Plus, billions of dollars in orders are complicating an end to U.S. aid to Israel, and the blue wave sets off a potential regime change in markets.

The European Central Bank is likely to raise borrowing costs next month for the third time since the Iran war began, Governing Council member Ante Zigman said.

Vice President Vance stepped out of President Trump's shadow Wednesday, seizing on the GOP's midterm catastrophe to begin the explosive task of claiming MAGA as his own. "The reason we lost is the war," Vance wrote in an extraordinary 600-word postmortem on X , blaming Trump's Iran campaign for Republicans' historic collapse. Why it matters: Vance's presidential ambitions are entangled in the wreckage of a war he privately opposed but publicly defended. His path to 2028 demands a delicate political calculation. Vance must convince MAGA's disillusioned voters that he understands their sense of betrayal, even as he remains a central figure in the administration responsible for the Iran war. His maneuvering will take place under the gaze of a president who doesn't seem particularly eager to leave the stage — and who isn't shy about reining in those on his team who overstep. "Today, JD Vance became president — or acted like he wanted to become one," a source close to the administration told Axios. Zoom in: Vance argued that defections from Trump's 2024 coalition — not lack of turnout — drove the GOP's collapse in Tuesday's midterms. Citing polling of disaffected Trump voters, he identified four demands: "End the war." "Focus on cost of living/inflation." "Put America First." "Change our relationship to Israel." Those happen to be the four hottest topics among top MAGA podcasters and activists. So Vance is aligning with those leaders on topics where MAGA anger with Trump is raging. What they're saying: "If you'd like to argue [the war] was worth it, that losing the Senate for the next 6 years was worth it, then do so," Vance wrote. "Argue it was a worthwhile cost to pay. Agree or disagree, that's at least honest." Trump accepted that challenge Wednesday, acknowledging that the war had hurt Republicans but insisting it was worth the cost. "If I had to do it again, I'd have to do it again," he told reporters. "As far as that war is concerned, I would have done nothing diff

As he takes stock of his Republican Party's midterm drubbing, US President Donald Trump now faces the difficult question of what to do about his unpopular war against Iran. Trump acknowledged the war affected the midterms, suggesting voters were frustrated by surging gas prices that have been a byproduct of the more than 8-month-old conflict. FRANCE 24's International Affairs Editor Philip Turle tells us more.

US Vice President JD Vance blames the war for the midterm rout as Democrats prepare to use Congress to rein it in.

Alicia Levine, of BNY’s wealth management business, said markets have not priced in the possibility of the war in Iran lasting for a long time.

It's a de facto motto in the Trump White House: "Somebody's gotta take the fall." Lately, that person looks like Secretary of Defense Pete Hegseth. Why it matters: From the unpopular war in Iran to his bad bipartisan relations with members of Congress, Hegseth's record has made him the most vulnerable member of Trump's Cabinet after Tuesday night's midterm shellacking. "Hegseth is definitely on thin ice," a Trump adviser told Axios. "It doesn't mean the president forces him out. But there are complications." Driving the news: As early as next week, the House could impeach Hegseth for allegedly defying Congress and illegally continuing the U.S. war in Iran. The measure is sponsored by Rep. Thomas Massie (R-Ky.), a vociferous critic of Israel and foreign wars. Zoom in: Iran is at the center of both Hegseth's possible impeachment and Republicans' midterm collapse. Many voters oppose the war and its byproduct: higher gas prices that spiked after Iran closed the Strait of Hormuz. Before Trump attacked Iran on Feb. 28, Hegseth was the most gung-ho about the conflict, and he gave the rosiest projections about how quickly and easily it would be resolved, according to sources familiar with the discussions. By August, a senior administration official said, U.S. Central Command was reportedly soliciting new approaches to pressure Iran, suggesting that military leaders were still reassessing how to achieve strategic results. CentCom was also asking: "At what point did Hegseth recognize that our original strategy wasn't going to produce the outcome he expected and pitched?" Trump stood by Hegseth on Wednesday, telling reporters that the secretary is "doing a very good job." Between the lines: Trump has been known to praise an embattled Cabinet secretary, only to seek their ouster shortly thereafter. With Hegseth, four factors are weighing on Trump: 1. The impeachment threat. Democrats already have tried to impeach Hegseth, and with their new House majority in January, those effo

The midterm results laid bare the deep unpopularity of the war of choice that President Trump started and is now struggling to end.

A new Democratic majority in Congress could pressure the president to end the war in Iran. But it will be harder for them to directly affect fuel prices, which are tied to a complex international oil market.

US Treasury says Indian couple faked ship registries for countries including Guyana and Laos to help Iranian tankers.

Both President Trump and Vice President JD Vance acknowledged the role the Iran war played in the GOP's election loss. Iran agrees, but it is wary of new attacks.

President Trump has blamed GOP candidates and Fox News in the wake of the sweeping Democratic sweep during the midterm elections.

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. The Republican Party’s generational collapse in this week’s midterm elections ushered in a wave of finger-pointing largely aimed at the Oval Office, exposing deep fissures within the party and opening the door for 2028 hopefuls to hone their message. Brent oil pushed lower after tumbling more than 8% in the previous session as investors bet that a Democratic sweep in the US midterm elections could accelerate efforts to end the war in the Middle East. Today's guests: Bernd Montag, Siemens Healthineers, CEO; Hetal Mehta, St James’s Place, Chief Economist; Melanie Kreis, DHL Group, CFO (Source: Bloomberg)

Vice President JD Vance distanced himself from President Donald Trump and the war against Iran as the Republican Party’s generational collapse in the midterm elections ushered in a wave of finger-pointing largely aimed at the Oval Office. Bloomberg's Oliver Crook has the latest. (Source: Bloomberg)

Oil prices were mixed as traders assessed the outlook for U.S.-Iran relations and recovering oil supplies from the Middle East.

Seoul proposes extending its Cheonghae unit’s patrols to waters near Oman’s Duqm amid US pressure over Iran war.

Dubai’s flagship carrier posted a sharp drop in first-half profit after the Iran war disrupted flight routes and pushed up the price of jet fuel.

Emirates Group’s first-half profit dropped by more than half as regional warfare and soaring oil prices weighed on the world’s largest international carrier.

But the president still has veto power, which he can wield to dictate policy over tariffs, the war in Iran or aid for Ukraine In a rare occurrence, a US election may have actually been decided by foreign policy. Donald Trump ’s war in Iran and international tariffs are seen as playing a key role in the inflationary pressures that drove so many Americans to vote against his party on Tuesday in what has been described as a “generational wipeout” for the Republicans . And in the coming months, the president is going to face severe headwinds on those policies as Democrats storm back into control of Congress, threatening investigations of some of his top envoys and Pentagon contractors, big fights over budgets linked to the Iran war, and greater scrutiny of US relationships with allies such as Israel. Continue reading...

Brent oil extended its slide after tumbling more than 8% in the previous session as investors bet that a Democratic sweep in the US midterm elections could accelerate efforts to end the war in the Middle East. Bloomberg's Onur Ant reports. (Source: Bloomberg)

DIP Holding has raised $529 million in its initial public offering, pricing at 1.12 dirhams a share. The listing is the first in the UAE since the start of the Iran war. Khalid bin Kalban, Chairman of DIP Holding spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East & Africa ahead of the company’s listing on November 11. (Source: Bloomberg)

J.D. Vance’s Iran war theory is wrong.

The Bank of England is expected to raise interest rates for the first time in over three years in order to tackle the inflation shock caused by the Iran war

Democrat Scott Colom is leading Republican incumbent Cindy Hyde-Smith in the southern state; JD Vance pointed to the war in Iran as the ‘obvious’ culprit for Republicans’ loss Live results | How do you feel about the results? Sign up for Breaking News US email Welcome to our continuing coverage of the 2026 midterms where almost 24 hours after Democrats secured their historic sweep of the US Congress, two Senate seats remain in play. Counting in Alaska is expected to continue into Thursday, while in deep red Mississippi , Democrats could be close to pulling off another almighty upset. Currently, Democrat Scott Colom is leading his Republican incumbent Cindy Hyde-Smith by just 1,138 votes with almost 96% of the vote counted. Donald Trump claimed Republicans fared poorly because he was not on the ballot – after repeatedly urging voters to pretend he was on the ballot. JD Vance pointed to Trump’s ongoing war in Iran as the “obvious” culprit for the loss. Pete Hegseth’ s role leading the unpopular war could lead to him taking the fall – despite Trump publicly backing him. Republicans including Trump foe Thomas Massie have criticized the defense secretary. Ron DeSantis , Florida’s governor, said the “close to an extinction-level event for Republicans” was caused in part by his party failing to target their ad spending on issues that would motivate voters. Continue reading...

The Bank of England is expected to raise interest rates for the first time in over three years in order to tackle the inflation shock caused by the Iran war

Bloomberg's Abeer Abu Omar says the likelihood of US military action against Iran remains uncertain following the midterm elections, even as crude prices decline on market expectations that an immediate attack is unlikely. (Source: Bloomberg)

Seoul to seek parliamentary approval to extend anti-piracy Cheonghae unit’s area to about 650km from the vital strait after criticism from Donald Trump on Iran war support South Korea plans to expand the operations ⁠of its anti-piracy unit to waters closer to the strait of Hormuz, its defence ministry has said, after pressure from Donald Trump to ⁠provide support for his war in Iran. The government is to submit a motion to parliament that would expand the Cheonghae unit’s area of operation to waters near the port of Duqm in Oman, which ​is about 650km (403 miles) away from the strait. The motion also needs to be approved by ‌President Lee Jae Myung and the cabinet. Continue reading...

The vice-president's blunt assessment of Republican election defeat marked one of the sharpest breaks with a sitting president in recent memory.

The kingdom asked the Iran-backed militants what it would take to make peace. The response: $51 billion.

Rep. Thomas Massie (R-KY) gave War Secretary Pete Hegseth an ultimatum Wednesday night, saying the Cabinet official can resign or face impeachment in the 119th Congress’s final stretch. Massie’s move is unsurprising, as he previously disclosed his plans to force a vote on impeachment articles against Hegseth when the House returns following the midterm elections. […]

The Democratic rout in the midterms was a referendum on President Trump, prices and the war in Iran. But it will have impacts that go well beyond the determinative issues — touching topics of key interest to Hollywood studios, broadcasters and their teams of government relations professionals. Here’s a quick rundown of some of the […]

South Korea will deploy maritime patrol aircraft and an explosive ordnance disposal team near the Strait of Hormuz to help keep the waterway open, its defence ministry said Thursday. Seoul said it would protect commercial shipping and energy supplies while ruling out military intervention in the ongoing US-Iran war.

President Trump has no regrets about his war with Iran, despite CBS News projecting that Democrats will win both the House and Senate in the midterm elections. Weijia Jiang reports.

Bill Simmons wants the NBA to cut its regular season from 82 games to 70, and he blames Commissioner Adam Silver and the league’s owners for the current schedule. The Ringer founder made his case on Tuesday’s episode of “The Bill Simmons Podcast.

President Trump has conceded that the Iran war cost Republicans dearly in the midterms. Now he must decide whether to cut his losses and reach a deal — or double down and go back to bombing. Why it matters: All of Trump's options are problematic: The first is to strike. But going back to war would be highly unpopular — keeping gas prices high and probably not yielding a better military result. Another is to negotiate. But if the Iranians refuse to make concessions — or, sensing weakness after the president's political loss, up their demands — Trump will have a hard time reaching a deal. The third is to "strangle," as aides put it. This would mean sticking with the status quo — the naval blockade coupled with crippling economic sanctions that leave the Iranian regime to "rot" — while continuing to test its appetite for a deal. This path, however, could take months to show progress. The big picture: The president has said for weeks he would end the war one way or another after the election. One of his former advisers told Axios: "It's one thing to lose the midterms. But Trump doesn't want to look like a loser twice." That's left even his closest aides unsure what he's going to do next. The intrigue: Vice President Vance, in an extraordinary statement Wednesday morning, bluntly blamed the war for the GOP's midterm drubbing. It added a new political calculation to Trump's decision. "The reason we lost is the war," Vance wrote on X . "The president himself said so last night. If you'd like to argue it was worth it, that losing the Senate for the next 6 years was worth it, then do so. ... But everyone knows why we lost. And any honest conversation about where we go from here must start there." Vance also cited the U.S. relationship with Israel as a serious liability for Republicans. Trump told reporters on Wednesday that Vance's analysis was "largely true" because the war drove gas prices up. But Trump said he'd do it again if he had to: "We had no choice. You can't let I

JD Vance calls Iran war into question as Thomas Massie files eight articles of impeachment Send us your questions about the US midterms results and Democrats’ ‘blue wave’ Pete Hegseth is increasingly looking like he may take the fall for Republicans’ midterm losses, despite Donald Trump’s vocal support for his defense secretary, even calling him a champion of war. The war in Iran, which voters and Trump have named as a key reason for Republicans’ midterm losses, “has been primarily a Department of War-led effort because you chose to take military action to resolve a foreign policy matter”, a former senior Pentagon official told CNN . Continue reading...

Mark Shapiro, president and COO of WWE parent TKO Group Holdings, says the wrestling circuit’s Crown Jewel event Saturday in Saudi Arabia is a firm go despite the ongoing war in nearby Iran. The Red Sea Film Festival was canceled last month, along with other cultural and entertainment events, as bombings targeted Saudi sites in …

Mark Shapiro, president and COO of WWE parent TKO Group Holdings, says the wrestling circuit’s Crown Jewel event Saturday in Saudi Arabia is a firm go despite the ongoing war in nearby Iran. The Red Sea Film Festival was canceled last month, along with other cultural and entertainment events, as bombings targeted Saudi sites in […]

Despite their midterm election victories, Democrats face major obstacles to reining in Trump on Iran, tariffs and more.

The dust has cleared from the strange story of Pat McAfee and the University of Utah, but SiriusXM host Katie Nolan has more to say. Last week, McAfee ranted on his daily show that he was “very, very uncomfortable” hosting College GameDay from the campus after an official university account posted a video in which students…

The Iran war, gas prices and Trump’s miscalculations led to one of the most decisive repudiations of an American president.