StockDuty ← Dashboard Nov 13, 2026 08:48 PM ET
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Oil prices slide as election results dim Iran escalation fears

Oil prices slide as election results dim Iran escalation fears

Context
What happened: Brent crude fell after Donald Trump said he has no immediate plans to strike Iran, and Democrats took Congress in the midterm elections. Key numbers: Brent crude fell 2.5% to $101.02. Why it matters: The election results and Trump's comments dimmed fears of an Iran escalation, which had been supporting oil prices.
What changed
Brent crude fell after Donald Trump said he has no immediate plans to strike Iran, and Democrats took Congress in the midterm elections.
Why it matters
The election results and Trump's comments dimmed fears of an Iran escalation, which had been supporting oil prices.
Sources
qz
Related signals
BRENT FALLS BELOW $80 PER BARREL ON REPORT U.S. WILL ALLOW IRAN TO SELL OIL IMMEDIATELY — via CNBC →OIL PRICES RISE ABOVE $100 A BARREL FOR FIRST TIME SINCE JULY AS IRAN WAR ESCALATES →THE U.S. EMERGENCY OIL RESERVE IS BELOW 300 MILLION BARRELS FOR THE FIRST TIME SINCE 1983 - QZ →