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Posted On: October 25th 2026, 11:36 pm

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Oil prices crashed over 9%, with WTI crude dropping to $87.80 per barrel following a Democratic sweep in the midterm elections. The market sell-off intensified after Senate Democratic Leader Chuck Schumer pledged to end the Iran war, while Vice President JD Vance openly blamed the conflict for the GOP’s electoral losses.

This decisive political shift has strongly reinforced market expectations that President Trump will be pressured into diplomatic negotiations. Traders are now actively betting that a Democrat-controlled Congress will successfully force a resolution, easing the prolonged supply disruptions that have kept energy prices elevated for months.

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Edited for educational purposes. No ownership claimed. This content is for informational purposes only and does not constitute financial or investment advice.

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