Trump says "we don't need a deal with Iran," tells Vance to focus on alleged Democratic corruption
www.cbsnews.com

... President Trump told Vice President JD Vance on Thursday to shift his focus away from the Iran war and instead devote himself to fighting what the president claims is corruption and crime in Democratic-controlled cities and states.

Vance, who served as the lead negotiator for a short-lived truce in the eight-month war, has been blunt in blaming the conflict -- and the economic reverberations it has caused -- for Republicans' sweeping losses in last week's midterm elections in the United States.

But Mr. Trump brusquely told Vance, in a social media post, to shift his energies away from the Iran war to what he argues is a more pressing -- and perhaps more politically salient -- issue after Republicans were trounced at the polls.

"We don't need a deal with Iran," Mr. Trump said in the post. "Those days have long since passed. We've got their money, Hundreds of Billions of Dollars, and we've got their Strait!"

Mr. Trump earlier this week said he believed the war "militarily is effectively over," and appeared to double down on that message by pointedly directing Vance "to focus his complete and total attention" on his anti-fraud campaign. ...

Global oil market to return to surplus in Q4 2026, larger supply build expected in 2027: IEA
economictimes.indiatimes.com

... The global oil market is expected to return to a surplus in the fourth quarter of 2026, with a larger surplus anticipated in 2027 as production recovers faster than demand, according to the International Energy Agency's (IEA) November Oil Market Report.

The report highlighted that global oil supplies have surpassed demand for the first time since the outbreak of the war in Iran, signalling a gradual rebalancing of international oil markets.

"Our November supply and demand balances suggest that the global oil market will return to a surplus in 4Q26, with a more substantial build in 2027," the IEA stated.

According to the report, global oil demand is projected to decline by 2.7 million barrels per day (mb/d) in 2026 to 102.3 mb/d before rebounding by 2 mb/d in 2027. ...