Trump Rules Out Iran Attacks Before Midterms, AI Funding Rush Continues
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Oil declined after President Donald Trump said the US would not attack Iran before November’s midterm elections, signaling a period of more than three weeks for no offensive military action against Tehran. Trump’s decision to lay off on new strikes comes despite Tehran escalating attacks in the waterway, which has boosted risks for vessels that have been moving crude to global market in increasing volumes. The president also said that a US naval blockade of Iran’s ports would remain in full effect. OpenAI is expecting to reach or exceed $70 billion in annualized revenue by the end of the year, according to people familiar with the matter, driven largely by growth in its enterprise business. Chapters: 00:00:00 - The Opening Trade Begins: Opening Headlines - OpenAI, Oil and EU-China Trade 00:01:43 - OpenAI's $50B vs. $70B Revenue Run Rate, AI Valuations, Firmus IPO and SoftBank 00:04:54 - Hurricane Threatens Gulf Oil Production 00:05:33 - China Rejects Claims Its Currency Is Und
Tags: 2026 Midterms, AI valuation, Airtel Africa, Aneeka Gupta, Anna Edwards, China, Christian Mueller-Glissman, Donald Trump, European Union, European bonds, Goldman Sachs Group Inc., Guy Johnson, IPO, Ian Ferrao, Inc., Iran, LSE, London Stock Exchange, Louise Moon, Mark Cudmore
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