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November 4, 2026

Trump confirms US airstrike as Iran dismisses Washington's Hormuz response: escalating military tension in the Persian Gulf threatens the Strait of Hormuz, through which roughly one-third of seaborne oil passes, raising crude volatility and shipping insurance costs.

  • Iran's IRGC reports four tankers hit mines in Hormuz Strait, signaling direct risk to transit and potential supply disruption if hazards persist.
  • Democrats gain congressional control, narrowing scope for sweeping legislative change and reducing regulatory volatility for sectors sensitive to policy shifts.
  • Novo Nordisk lifts annual forecast on Wegovy pill sales surge, expanding addressable market for GLP-1 drugs and improving near-term cash generation.
  • Eurozone inflation reaches 4% as energy costs spike above 20%, breaching ECB's 2% target and making rate hikes more probable, tightening financial conditions across the currency bloc.

AI-assisted summary of reported news, for information only. Not investment advice.

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