House Democratic Leader Jeffries Backs Impeaching Defense Secretary Hegseth

This is a political escalation rather than a market event, but it lands in a live debate over how conflict risk feeds into prices — Jeffries explicitly ties the Iran planning claim to cost pressures. The immediate audience is House Democrats, who will hear the case on Nov. 10; the real question is whether the push stays rhetorical or gains procedural momentum, since impeachment of a cabinet secretary requires far more than Democratic backing. Watch whether other senior Democrats echo Jeffries and whether the national security and price claims get substantiated, since unverified allegations tend to fade quickly.