Oil prices fell sharply Wednesday after Democrats won the U.S. midterms and diplomatic hopes rose for resolving the Iran conflict. Brent crude dropped over 9%, and U.S. crude fell nearly 9%. Gas prices may ease, but market uncertainty remains.
Headlines report that Democrats won control of Congress, including the House and Senate. Some reports describe the result as a rebuke to Trump; Iranian officials said it showed voters had rejected his war.
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