Politico reports:

Oil prices extended their sharp selloff on Wednesday as fears that President Donald Trump would launch fresh military strikes on Iran eased a day after Republicans were dealt a sharp defeat in the midterm elections.

Trump has previewed for weeks that he may try to “finish the job” with another round of strikes on Iran. But the scale of the GOP losses has turned even Vice President JD Vance against the idea as voters delivered a sharp repudiation of the war’s impact on prices at the pump.

The U.S. benchmark oil price slipped $6 a barrel on Wednesday after Vance blamed the administration’s war for its losses at the ballot box, bringing the decline to more than $16 since last Thursday. Still, the sharp selloff came too late to help Republicans, who lost their control of the House and Senate Tuesday in an election that focused heavily on cost of living issues.

“The reason we lost is the war,” Vance posted on X Wednesday morning. He also praised Fox News host Rachel Campos-Duffy for advocating a “diplomatic resolution to the conflict.” [Continue reading…]

Every word of this is 💯💯💯

— Donald Trump Jr. (@DonaldJTrumpJr) November 4, 2026