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Oil prices plunge after Vance post on Iran war

Axios·November 4, 2026·1 min read
Oil prices plunge after Vance post on Iran war

Oil prices plunged about $8 per barrel Wednesday after Vice President JD Vance posted on X that the Iran war is why Republicans lost the midterms. Traders see the election as pressuring the White House to de-escalate, with Sen. Chuck Schumer vowing to push for an end to the war.

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