US midterm gains could reshape policy on Iran, Ukraine, and trade

Democrats' midterm gains could reshape US policy on Iran, Ukraine, trade, and AI, with global implications for allies, rivals, and markets. The outcome signals potential shifts in conflict and economic strategies. The Iran war, blamed for high fuel prices, may see renewed peace efforts, though Tehran could also be emboldened. Democrats may push new Ukraine aid, but Patriot interceptor deficits remain. Trade talks with China and India could shift, while AI regulation concerns hit Asian chip stocks. Oil prices fell on peace deal bets, and Israel faces possible congressional scrutiny. Trump's tariff powers may be challenged, though vetoes loom. European trade truce and digital services tax threats remain uncertain.