Oil prices have reached their lowest level in two months after JD Vance blamed the Iran conflict for the Republican Party’s woeful midterms.
This article covers the US midterm elections aftermath on Thursday (Australia time). For Friday’s live updates, click here.
They fell by eight per cent after the vice president said rising fuel costs had contributed to GOP’s election results.
The recriminations within Donald Trump party have escalated a day after it suffered a historic wipeout in America’s midterm elections.
Secretary of Defence Pete Hegseth (he calls himself the “Secretary of War”) has reportedly emerged as a potential scapegoat for the results.
Mr Hegseth was barely confirmed by the Senate in the first place, and his role overseeing the war against Iran – which is still dragging on many, many months after he claimed victory – has done little to bolster his popularity.
There was actually speculation before the midterms that Mr Hegseth could be nudged out of the job and appointed as a senator. A promotion sideways, essentially.
Read on forupdates from Thursday.