Trump expects war with Iran to end after US midterm elections

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Trump expects war with Iran to end after US midterm elections

2026-09-14 09:52 Last Updated At：14:17

U.S. President Donald Trump said on Sunday that he expected war with Iran to end this year, possibly after midterm elections due in the United States in November.

"It'll end right after the midterms. Gasoline's going to drop like a rock," Trump told reporters during a visit to Ireland.

"Iran wants to make a deal so bad. They are calling constantly. They want to make a deal. They've got to make the right deal. I'm not going to make a deal that's no good," he said.

Trump said earlier on Wednesday that he believed the war with Iran would end "immediately" after the U.S. congressional midterm elections in November. On June 18, the United States and Iran signed a memorandum of understanding on ending the war in the region. Under the memorandum, they were scheduled to hold negotiations within 60 days, which ended on Aug. 17, to reach a final agreement, but the fate of the talks remains unclear following the recent escalation of hostilities between the two countries.

China expands cross-border cash pooling services to more multinationals

A notice allowing multinational companies to centrally manage their cross-border renminbi and foreign-currency funds took effect on Monday, expanding a cross-border cash pooling pilot program nationwide which is expected to benefit more business entities.

Under the new policy, multinational companies can pool the foreign debt and overseas lending quotas of their member companies, independently determine the proportion of funds to be centralized, and manage renminbi and foreign-currency funds through the same account.

This enables funds to be allocated at the group level while allowing member companies greater flexibility in their use.

The notice further streamlines registration procedures by introducing a single-window mechanism at local branches of the foreign exchange regulator, while allowing cooperating banks to handle certain registration changes.

It also specifies operational rules and requirements for ongoing and ex-post supervision to guard against risks associated with cross-border capital flows.