# Iran War Enters New Phase?...WTI Falls Around 1% After Midterm Election Results

> WTI December futures fell about 0.84% to $95.28 on November 4 as US midterm vote counting began, with a session low near $94. Brent was trading around $102.9, down from about $104.4 before the count. Trump had said there were no plans to strike Iran immediately.

- Date: 2026-11-04 · published 2026-11-04T12:07:20.434Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/79594-iran-war-enters-new-phase-wti-falls-around-1-after-midterm-election-results
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Expectations of a new phase in the Iran war, with Democrats gaining Congress, are weighing on crude. Lower crude eases diesel and freight costs, but the outlook depends on whether US military action resumes.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- en.infomaxai.com: https://en.infomaxai.com/news/articleView.html?idxno=146876

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.