# Oil Crashes 9% as Trump and Vance Blame Iran War for Midterm Rout

- Source: OilPrice.com
- Published: 2026-11-04T18:30:00+00:00
- Category: Markets
- Original: https://oilprice.com/Latest-Energy-News/World-News/Oil-Crashes-9-as-Trump-and-Vance-Blame-Iran-War-for-Midterm-Rout.html
- Canonical: https://groundlevelnews.com/story/oil-crashes-9-as-trump-and-vance-blame-iran-war-for-midterm-rout-c20cae/

Brent fell $8.94, or 8.6%, to $94.66 per barrel at 1:06 p.m. ET on Wednesday, after touching its lowest level since September 4, with traders pricing an end to the Iran war after the White House tied Tuesday’s midterm losses to the conflict. WTI dropped $8.01, or 8.3%, to $88.08. Brent traded near $118 on Friday. Trump told Fox News on Tuesday night that “I think it’s the gasoline price” when expl

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