# 'Plunge' 19.6% in Three Days... Global Oil Prices 'Swing' as Hopes for End to Iran War Grow After U.S. Democrats' Landslide Victory (Roundup)

> Brent settled at $94.60 on November 4, down 8.7% on the day and 19.6% over three sessions, its steepest three-day drop since April 2020. WTI settled near $88.12, down 8.3%, as markets priced in expectations of a US-Iran end-of-war agreement after the Democratic midterm victory.

- Date: 2026-11-04 · published 2026-11-05T12:07:26.080Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/81607-plunge-19-6-in-three-days-global-oil-prices-swing-as-hopes-for-end-to-iran-war
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The sharp drop reflects a shift in war-premium expectations that lowers energy and freight costs for feed buyers, but the market remains exposed to headline reversals if talks falter.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- asiae.co.kr: https://www.asiae.co.kr/en/article/in-depth/2026110505390710758

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