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Last updated Saturday, November 7, 2026 — 3:30 AM EST
Conceding the Iran war cost Republicans the midterms, President Trump is weighing a fresh strike, a negotiated settlement or a prolonged blockade, aides said, while signaling a cabinet shake-up.
Iran warned Sunday that a new war with the United States would last longer than the last, after President Trump threatened at an Iowa rally to give Tehran ’the hammer’ and spoke with Israel’s prime minister about possible strikes.
President Trump said the war with Iran will end ‘soon’ and that the United States is not ‘in that much of a hurry’ to sign a deal, as Washington and Gulf states opened a renewed diplomatic push.
Supreme Leader Mojtaba Khamenei told Iran’s top commanders that renewed U.S. or Israeli strikes must draw an immediate response without geographical limitations, as President Trump weighs resuming attacks after the midterms.
Brent slipped below $114 a barrel as Vice President Vance’s contact with a senior Iranian official and signs of renewed mediation eased fears of resumed US strikes, though Houthi attacks on Aden airport and Saudi Arabia keep the market tense.
