# Crude oil falls below $90 as Vance blames GOP losses on Iran war

https://mins.news/en/item/129811

- CNBC, 2026-11-04 20:14 UTC
- Economy
- Original: https://www.cnbc.com/2026/11/04/oil-price-iran-war-us-election-strait-hormuz.html

> Crude oil prices plunged Wednesday after Vice President JD Vance attributed Republicans’ steep midterm losses to the Iran war.

## Related coverage

- [Oil faces biggest weekly drop since COVID amid midterm fallout](https://mins.news/en/video/130563) — Reuters, 2026-11-05
- [Oil falls below $100 on post-election hopes for peace](https://mins.news/en/item/129459) — Financial Times, 2026-11-04
- [Vance says anger over Iran war was the ‘real reason’ for GOP rout](https://mins.news/en/item/129381) — NBC News, 2026-11-04