WorldTrump rules out Iran strikes before midterms as Hormuz attacks keep oil rising

Oil prices rise as attacks continue in the Strait of Hormuz, despite Donald Trump saying the US will not attack Iran before the midterm elections. Asian stocks slip amid jitters over US technology shares, and Bahrain’s borrowing costs reach a six-year high. OpenAI expects annualized revenue to climb to $70 billion by the end of 2026, from a $50 billion run rate in September, as it discusses a funding round exceeding $30 billion. France’s fiscal concerns remain in focus.

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