| SOXL 66.23 -9.42% | NWGL 0.0565 1.44% | CRIS 1.3601 90.52% | INTC 58.355 -3.63% | HPAI 0.3021 25.56% | NVD 4.465 3.12% | SOXS 58.84 9.69% | TQQQ 62.8501 3.80% | FTCI 1.6684 15.06% | SPCX 134.95 -4.50% | NVDA 203.745 -1.42% | RWM 14.155 -1.36% | PLUG 1.495 6.03% | CIFR 6.515 -19.77% | RIOT 15.8522 13.07% | BITO 10.705 3.23% | SPDN 8.475 -1.68% | SMCI 29.9101 -4.71% | GRAB 3.3629 7.79% | AMZN 268.56 7.13% | OMH 4.23 44.86% | SQQQ 41.1201 -3.81% | IREN 21.7082 -11.25% | WULF 11.8549 -5.39% | AAPL 352.75 6.28% | AAL 13.75 7.25% | SHFS 0.0323 -22.36% | XLE 63.1595 -5.28% | KORU 10.69 -2.91% | PLTD 5.165 2.68% | IBIT 45.48 3.25% | ORCL 125.475 -0.57% | ARRY 5.325 14.76% | CRWV 48.37 -9.99% | NOK 8.245 -2.77% | BBD 2.5594 3.62% | QQQ 694.22 1.30% | STLA 4.675 4.47% | NU 12.065 3.92% | TSLL 10.5799 -4.43% | CHSN 2.54 -24.85% | ERY 8.855 10.83% | HYG 77.485 0.66% | PARA 0.3029 -88.86% | ONDS 5.4 -6.74% | DKI 2.145 43.00% | AMD 483.14 -0.16% | TSLG 5.2809 -4.85% | SOFI 17.505 4.38% | RKT 14.995 8.58%

Crude oil prices fall below $90 a barrel as Vance blames GOP election defeat on Iran war

Crude oil prices fell more than 4% on Wednesday after Vice President JD Vance blamed the Republicans' steep midterm election losses on the Iran war.

TC Trade Conquest Newsroom November 4, 2026 ·1 min read

Crude oil prices fall below $90 a barrel as Vance blames GOP election defeat on Iran war

Key takeaways

Crude oil prices fell more than 4% on Wednesday after Vice President JD Vance blamed the Republicans' steep midterm election losses on the Iran war.
"The reason we lost is the war," Vance said in a social media post Wednesday.
The oil market had priced in the risk of a major escalation after the elections, gaining more than 10% in October.

Crude oil prices fell more than 4% on Wednesday after Vice President JD Vance blamed the Republicans' steep midterm election losses on the Iran war.

Read the full story at cnbc.com ↗

Want trade ideas like this in real time? Subscribe to Trade Conquest.

More news