What you need to know
G7 foreign ministers are meeting in Paris after Trump's midterm defeat, with the venue moved at short notice from Marseille for security reasons. Earlier, Democrats won both chambers of Congress in the midterm elections on 3 November, with at least a 54-44 Senate majority and at least 30 House seats gained.
Trump said the Iran war was needed to stop Tehran getting a nuclear weapon, but admitted it contributed to Republican losses, while Vance said the war was the reason. Markets reacted strongly: the JSE rose almost 5% on hopes of an end to the war, while Asian stocks fell sharply on worries about the AI boom.
Next, Trump said he expects to meet the Russian and Chinese presidents in Shenzhen to discuss ending the Iran war, and the Kremlin said a three-way meeting is being prepared.