House Democrats back impeachment push against Pete Hegseth over Iran war allegations
The top Democrat in the US House of Representatives has said he supports impeaching Defence Secretary Pete Hegseth over allegations tied to the Iran war. Hakeem Jeffries said he was "a hard yes" on the move during an appearance on ABC's This Week. The comments came after Hegseth released a video defending his record as defence secretary and rejecting criticism of his conduct.Jeffries accused Hegseth of having "abused his power, undermined our national security, and engineered this reckless and costly war of choice in Iran". Outgoing Republican congressman Thomas Massie said he plans to introduce articles of impeachment as early... [Continue Reading]
360LiveNews | 08 Nov 2026 22:59 LONDON
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Oil falls below $100 as markets bet on possible Iran war de-escalation after U.S. midterm shift
Oil prices fell below $100 a barrel after Brent and West Texas Intermediate both dropped more than 8% in the previous session, as traders reacted to the Republican Party losing control of Congress in the U.S. midterm elections. The move reflected a growing market view that the political shift in Washington could increase the chances of a negotiated end to the war involving the United States, Israel and Iran. Brent closed at $94.62 a barrel and WTI at $88.12, both their lowest levels since 31 August.The decline came after the Republican defeat, which left President Donald Trump facing a Congress... [Continue Reading]
360LiveNews | 05 Nov 2026 12:29 LONDON
US oil firms post more than $130bn in profits as Iran war drives up energy prices
United States oil and gas companies have reported more than $130bn in profits during the war on Iran, according to an estimate cited in the supplied material. The gains come as consumers in the United States and elsewhere face higher prices for petrol, diesel and other energy products. The report links the surge in earnings to tighter global energy supplies and disruption affecting Gulf and Russian flows.The estimate is described as a conservative calculation based on the performance of 51 large US oil and gas companies over the six months from April through September. In the same period in 2025,... [Continue Reading]
360LiveNews | 02 Nov 2026 15:36 LONDON
