Oil Prices Fall for Fourth Consecutive Day as US Midterm 2026 Elections Results Raise Hopes of Iran Deal
NEW DELHI, November 5, 2026 (VoM News): The oil prices globally continued to decline for a fourth consecutive day as the investors assessed the impact of the US midterm election results.
There are expectations that Washington could pursue a negotiated settlement to end the war with Iran, and everyone is eyeing on the elections trends, results as Iran war lead to the massive escalation of oil prices.
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As per details available with VoM News, Brent crude futures fell 0.85 per cent to $93.75 a barrel, while US West Texas Intermediate (WTI) crude declined 1.36 per cent to $86.82, as of 05:00 GMT.
A sharp sell-off was recorded in the previous trading session, when both benchmarks dropped more than 8 per cent. Brent settled at $94.62 a barrel, while WTI closed at $88.12, with both reaching their lowest settlement levels since August 31, according to market reports.
It is being considered as the which came after President Donald Trump’s Republican Party suffered major losses in the congressional elections, with Democrats securing control of both chambers of Congress.
The Investors expect the weakened political position of the Trump administration could make further military escalation against Iran more difficult and increase pressure to seek a diplomatic agreement, to end the war with Iran.
The prospect of reduced tensions has eased concerns about prolonged disruption to oil supplies from the Middle East, particularly through the strategically important Strait of Hormuz.
However, analysts are of the view that diplomatic progress remains uncertain and that supply risks could continue to trigger volatility in global energy markets.
About the Author
Rafia Tasleem is a seasoned journalist from Moradabad, Uttar Pradesh, recognized for her expertise in content writing, investigative research, fact-based reporting, strategic media planning, presentation and lot more. With experience working for both national and international news organizations, she brings a deep understanding of media dynamics. Holding a Master’s in Communication and Media Studies from Aligarh Muslim University, she has been contributing to VoM News for the past two years. For inquiries, contact rafiatasleem@vomnews.in
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