Oil prices dropped more than 8% as a Democratic sweep in the midterm elections raised hopes of an end to the war with Iran.
Oil falls more than 8% as Democratic midterm sweep raises hopes of end to Iran war
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The story so far: Iran war de-escalation talks
A Pakistan-brokered proposal on Iran's frozen funds had US approval and initial Iranian consent, pushing crude down about $0.80. Iran's supreme leader Mojtaba Khamenei then called for conditions to be met to end the war, and oil fell again. Oil fell more than 8% as a Democratic midterm sweep raised hopes of an end…
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Oil falls more than 8% as Democratic midterm sweep raises hopes of end to Iran war
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