Oil plunges below $90 a barrel after Vance says the Iran war cost Republicans the election

What happened: Brent crude fell below $90 a barrel after JD Vance said the Iran war cost Republicans the election, following Democratic wins in the House and Senate. Key numbers: Brent fell more than 9% to $93.91. Oil futures are down more than 14% this week. Why it matters: The drop came as Democrats won control of both chambers, and Vance tied the war to Republican electoral losses. Coverage: 9 outlets in 24h

Brent crude fell below $90 a barrel after JD Vance said the Iran war cost Republicans the election, following Democratic wins in the House and Senate.

The drop came as Democrats won control of both chambers, and Vance tied the war to Republican electoral losses.