After US elections, oil prices drop by 8–9%

Global oil prices have sharply declined by 8–9% following the US midterm elections. Vice President JD Vance linked the Republican defeat to the war with Iran and voters' desire to change relations with Israel. Brent crude is trading at $94 per barrel, WTI at $88. Tel Aviv Stock Exchange indices also fell: TA-35 lost 1.96%.

Global oil prices have sharply declined by 8–9% following the US midterm elections. Brent crude is trading at approximately $94 per barrel, down 9%. The price of US WTI fell about 8% to $88 per barrel. The decline is linked to statements by Vice President JD Vance about the reasons for the Republican defeat, among which he cited the war with Iran and voters' desire to change relations with Israel. Trading on the Tel Aviv Stock Exchange also ended with a sharp drop: the TA-35 index lost 1.96% and closed at 3969.53 points, TA-125 fell 1.86% to 3849.08 points, and TA-90 fell 1.9% to 3484.82 points. During the day, the leading indices lost more than 2%, but the decline slowed slightly towards the close. The article does not provide direct quotes or specific sources for Vance's statements.

After US elections, oil prices drop by 8–9%