Trump says Iran war hurt Republicans; India regains $5T cap
In short
Trump said the Iran war and higher gasoline prices helped cause Republican losses in the US midterms. In the same roundup, India’s stock market got back above $5 trillion in value, crude fell below $95 a barrel, the rupee strengthened, and gold rose.
This matters for US politics and for Indian markets.
What the reporting says
Trump said the Iran war and higher gasoline prices contributed to Republican losses in US midterms, while India’s stock market reclaimed the $5 trillion market-cap milestone, according to CNBC TV18 Business. The same roundup says crude fell below $95 a barrel, which lifted oil-sensitive stocks, while the rupee strengthened and gold rose.
Why it matters
Trump linked Republican losses in the US midterms to the Iran war and higher gasoline prices, according to the roundup. The same summary says India’s stock market reclaimed the $5 trillion market-cap mark, while crude fell below $95 a barrel, helping oil-sensitive stocks. It also says the rupee strengthened and gold rose.