# Oil falls on Iran war uncertainty, US Democrats' midterm sweep - CNA

> Brent fell $3.20 to about $100.40 and WTI to about $93.08 on Wednesday as traders awaited Washington's next move in the Iran war. Trump acknowledged the war contributed to Republican losses in the midterms. Qatar stepped up mediation efforts.

- Date: 2026-11-04 · published 2026-11-04T18:07:58.359Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/80055-oil-falls-on-iran-war-uncertainty-us-democrats-midterm-sweep-cna
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Expectations that Washington may de-escalate lower the crude risk premium, easing energy costs for feed production and supporting lower biofuel-linked demand for vegetable oils.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- channelnewsasia.com: https://www.channelnewsasia.com/business/oil-falls-iran-war-uncertainty-us-democrats-midterm-sweep-6519506

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