National

After midterm defeat, Trump faces mostly bad options in Iran

Generate

Axios Generate

Oil prices plunge after Vance post on Iran war

A line chart that tracks hourly Brent crude oil prices per barrel from Oct. 28 to Nov. 4, 2026. Prices peaked at $116.31 on Oct. 28 and fell to $94.37 on Nov. 4. After holding mostly near $110 to $114, oil slid sharply below $100 late in the period.

Brent crude oil prices

Data: Financial Modeling Prep; Chart: Ben Geman/Axios

Trump's VP says the Iran war cost them the midterms

Markets

Axios Markets

Crude oil tumbles aren't helping diesel

Correlation breakdown&nbsp;

Data: FactSet; Chart: Axios/Matt Phillips; Note: Daily closes of continuous futures prices for Brent crude oil and New York Harbor Heating Oil #2. 

Trump to Axios: "No rush" to decide on bombing Iran again

Reaction to elections will be key for markets

A couple months left to go in 2026&nbsp;&nbsp;

Data: FactSet; Chart: Axios/Matt Phillips 

Trump has frank call with Netanyahu about next move in Iran war

Iran's supreme leader orders "maximum" response to any U.S. attack

Qataris hold marathon talks in Tehran in bid for U.S.-Iran deal before midterms

U.S. blockade, sanctions crippling Iran's economy, Treasury report says

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