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Oil prices plunge 10% as US midterm results raise hopes of Iran war's end

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Oil prices plunge 10% as US midterm results raise hopes of Iran war's end
Photo / Coverage: Business Standard - LatestCredit: Bloomberg
EXECUTIVE SUMMARY

Brent crude plunged 10 per cent to a two-month low as investors bet that Democratic gains in the US midterm elections could accelerate efforts to end the Iran war and ease oil supply pressures

Key Takeaways

  • Oil prices plunge 10% as US midterm results raise hopes of Iran war's end.

Brent crude plunged 10 per cent to a two-month low as investors bet that Democratic gains in the US midterm elections could accelerate efforts to end the Iran war and ease oil supply pressures

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