Trump Declares Iran War Over as Nvidia Probes CEO

President Donald Trump declared on November 10, 2026, that the war in Iran is "militarily is effectively over," following midterm elections that granted Democrats control of both chambers of Congress. This followed signals of a potential nuclear deal facilitated by a Qatari-Pakistani proposal, which would allow Iranian uranium enrichment at 3.67% and the return of IAEA inspectors. Trump previously stated that renewed attacks against Iran are unlikely if Tehran signs a "very strong agreement."

In the corporate sector, Nvidia launched an internal investigation into CEO Jensen Huang. The probe follows Huang's admission of an extramarital affair with an executive whom U.S. intelligence identified as gathering information for China. The board is investigating whether Huang was targeted by a Chinese intelligence operation.

Broader markets experienced volatility during this period. Global stocks and oil prices initially rallied on the news of the Iran negotiations, but U.S. markets faced pressure on November 10 after an inflation report suggested the Federal Reserve might raise interest rates in December. Meanwhile, AI firm Anthropic filed for an IPO seeking a $1.3 trillion valuation, and Taiwan Semiconductor Manufacturing Co. reported October revenue nearly six times higher than the previous year.