Oil prices fell sharply on Wednesday after US Vice President JD Vance blamed the war against Iran for the Republican Party's midterm election losses.
US WTI crude fell nearly 9% to $87.59 per barrel and Brent crude dropped over 9% to $93.91 per barrel by Wednesday afternoon.
Democrats swept both the US House of Representatives and the Senate, giving them greater power to challenge President Donald Trump's decisions and funding for the war.