Oil Prices Fall on Iran War Uncertainty

Oil prices fell in volatile trading as investors weighed Washington's next moves following the Democrats' midterm election sweep. Brent futures dropped amid ongoing uncertainty regarding the US-Israeli conflict with Iran.

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FILE PHOTO: Vessels at the Strait of Hormuz, as seen from Musandam, Oman, October 2, 2026. REUTERS/Stringer/File Photo

Brent Crude Oil fell $1.49, or 1.44%, to $102.11 a barrel during Wednesday midday trading as investors weighed political shifts in the United States and ongoing conflict in Iran .