Oil prices plunge as US midterm results raise hopes of Iran war de-escalation
Photo: The Vibes
Brent and US crude fall nearly 9% and more than 8% respectively as expectations of mounting congressional pressure on Trump to end the conflict weigh on prices
From the original report
OIL prices tumbled to multi-week lows while the ringgit strengthened against the US dollar on Thursday as the outcome of the US midterm elections fuelled expectations of growing pressure on President Donald Trump to end the war with Iran.
Brent crude futures traded below US$95 a barrel after plunging nearly nine per cent in the previous session, while US West Texas Intermediate (WTI) crude hovered around US$88 following a decline of more than eight per cent.
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This is a brief of a report by another newsroom. The excerpt below is from the original.
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About this story
- Source
- The Vibes
- Originally published
- Nov 5, 2026
- Updated here
- Nov 5, 2026
- Produced by
- Malaysia Times desk (brief) — reporting by the source
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