The Zevin Newsroom by Chanan Zevin for Tuesday 3 November 2026, US Election Day. Chief Editor Chanan Zevin and our news presenter open with our view on the Iran war, then the day's news, summarised in our own words from reporting by Bloomberg, The New York Times and The Washington Post. Items attributed to anonymous officials are marked as reported.
Today's news
Our View: Peace talks with fingers on the trigger. Opinion: the view of The Zevin Newsroom. Source: Editorial opinion
Iran War: US reportedly strikes Qeshm Island. Officials call it defensive, not a return to full-scale war. Source: The New York Times, Bloomberg
Iran War: Iran: Hormuz could reopen in two days. If Washington lifts sanctions and frees assets, Tehran says. Source: The New York Times
Iran War: Deal, or the hammer. Trump keeps the threat of renewed strikes on the table. Source: The Washington Post, The New York Times
Israel: Trump and Netanyahu discuss Iran. Reports of pressure for strikes; Israel denies pressing. Source: The Washington Post
US Election: America votes in the midterms. Democrats favored to win the Senate; full results may take time. Source: The Washington Post, Bloomberg
France: France: students keep up blockades. Prime Minister Lecornu plans new talks with students. Source: Bloomberg
Ukraine: Russian bombs hit aid centre: 26 dead. Strike follows the end of the war's longest local ceasefire. Source: The Washington Post
Europe: European troops rehearse for postwar Ukraine. Exercise in Poland led by Britain and France this month. Source: The Washington Post
Economic Analysis: markets, oil, stocks, bonds and forex
The edition closes with our economic analysis of the day's markets, based on reporting by Bloomberg, the Financial Times, the Wall Street Journal and Forbes.
Oil: Oil steadies near $105 after an 8% plunge. European gas fell almost 9% on peace-talk hopes. Source: Bloomberg
Stocks: Chip rout deepens in Asia. Nasdaq 100 in correction; Apple slips on margin outlook. Source: Bloomberg, Wall Street Journal
Bonds: Treasuries rally as oil drops. 10-year yield touches its lowest since September. Source: Bloomberg
Forex: Aussie dollar falls after a split RBA hike. Rate at an 18-year high of 4.85%; dollar little changed. Source: Bloomberg
AI & Crypto: AI dealmaking meets investor doubt. Marvell-Lumentum $115bn deal; Oracle and Alphabet raise debt. Source: Bloomberg, Forbes