Oil prices tumble to two‑month lows after U.S. midterms

Brent crude slipped below $95 a barrel and U.S. West Texas Intermediate fell under $90, marking two‑month lows after the recent U.S. mid‑term elections. The drop follows steep losses in earlier trading sessions. Analysts note that the election outcome could reshape President Donald Trump’s stance on the Iran conflict, potentially opening space for negotiations. ## Context Oil markets react sharply to geopolitical shifts because traders assess supply risk. U.S. election results can change foreign‑policy direction, influencing expectations around sanctions on oil‑producing nations. Lower crude prices translate into cheaper fuel for commuters and businesses.