Top Overnight News The U.S. attacked Iran’s Qeshm Island on Monday, U.S. officials said, in the latest of a series of limited strikes Washington has secretly carried out against the country in recent weeks as President Trump touted the possibility of a diplomatic deal. WSJ U.S. Vice President JD Vance on Monday said he was optimistic about reaching a “negotiated settlement” with Iran. An Iranian official says the two countries remain far from reaching a deal as Tehran threatens retaliatory strikes in the region and beyond. CNBC Iran and the US are reviewing the latest mediator proposals aimed at bridging differences and averting another war; Qatari mediators held talks with Iranian officials in Tehran on Monday, which were described as positive. BBG Iran's IRGC Navy said three tankers caught fire and exploded in the Strait of Hormuz after striking naval mines in the early hours while travelling through unauthorised routes with navigation and identification systems switched off. IRIB Saudi Aramco will maximize oil production this quarter, the company’s chief said, as it looks to keep cranking up shipments after exports returned to near prewar levels in October. BBG America’s referendum on President Donald Trump’s second term is underway, with polls set to open Tuesday morning for the US midterm elections and tens of millions of early ballots already cast. BBG The Supreme Court rejected the Trump administration’s emergency bid to set aside about 20,000 California ballots. BBG Nvidia is ordering its data center partners to reduce exposure to Chinese customers in a move that further restrains China’s ability to keep up with US rivals as the race between the world’s two AI superpowers intensifies. FT Anthropic disclosed a twelve-fold increase in quarterly revenue while revealing that it intends to spend more than $895 billion in the years ahead, as the AI lab courts investors for a potentially record-breaking IPO. BBG Artificial intelligence-related financing could grow to about $10 trillion over the next five years, eventually reaching excessive levels, said Emmanuel Roman, chief executive officer of Pacific Investment Management Co. BBG Walt Disney is moving toward thousands of job cuts with the company asking some managers to target 20% in annual cost savings, according to people familiar with the matter. BBG Chinese regulators have told banks to hold fire on company listings and large share sales in an effort to bolster the country’s struggling stock markets. FT China said it would increase the reserve requirement on FX deposits in a move aimed at reducing appreciation pressure on the yuan. SCMP Australia's central bank Governor Michele Bullock signaled a wait-and-see approach to further tightening after policymakers lifted the benchmark rate to an 18-year high. The RBA board voted six-to-three in favor of raising the key rate for a fifth time this year, omitting a reference that it was willing to hike further if needed. BBG The US has arranged trilateral peace talks with Moscow and Kyiv in Abu Dhabi next week to discuss ending the war in Ukraine, the first time the three sides will have met since February. FT The US is planning to ask NATO allies to contribute more money to a key weapons-delivery program for Ukraine, people familiar said. The request may come as soon as this month. BBG Switzerland’s inflation rate rose to the highest level in almost three years, driven by the surge in oil costs and a weaker franc. BBG Euro-area governments have been asked to submit nominations for successors to European Central Bank President Christine Lagarde by Friday. BBG CVR Energy said it has $2.5 billion of committed secured debt financing to help fund its planned $4.2 billion acquisition of Marathon refining and marketing assets. BBG Hyperscalers have issued $271 billion of debt year-to-date, above Goldman's 2026 full-year forecast of $250 billion, with more than $40 billion announced since October 29; "evidence of monetization by 2028 is key to mitigating downward pressure on debt ratings in the AI ecosystem." Goldman