• Analysis
Trump says Iran war ending, FBI probing Nvidia chief Jensen Huang over alleged Chinese spy affair
Donald Trump declared the US war on Iran effectively over, saying the conflict is ending, as he revealed the FBI is investigating Nvidia chief Jensen Huang's affair with an alleged Chinese spy. Shareholders have meanwhile sued the $4.3tn company over the scandal.
What the lawsuit alleges
Nvidia and Jensen Huang stand accused of defrauding shareholders in a lawsuit filed over the Chinese spying scandal that has engulfed the company, which is valued at $4.3tn. The claim targets both the chipmaker and its chief executive directly. The case remains pending.
The FBI investigation and Alice Huang
Trump said the FBI was investigating Huang's affair with an alleged Chinese spy.
Little public information is available about Alice Huang, the woman at the centre of the affair. That scarcity has only added fuel to claims she is an intelligence asset.
Iran war ending: what Trump declared
The statement about the Nvidia chief came during the same White House press conference at which Trump unilaterally declared that the US war on Iran was effectively over, pushing oil prices lower. According to the report:
- •Brent crude dropped below $90, its lowest level since August.
- •Trump said Israel and Gulf allies in the region were well protected from Iran and that an escalation was not needed.
- •He said the US remained "locked and loaded, ready to go for any reason".
On the trajectory of the fighting, Trump pointed to a winding-down:
We're seeing momentum toward the end of this conflict. I think it's going to be ending fairly soon.
Where things stand
The lawsuit against Nvidia and Jensen Huang is pending. Trump said the FBI investigation into Huang's affair with an alleged Chinese spy is under way, and on the war he indicated the Iran conflict is going to be ending fairly soon.
