Oil prices plunge 9% after US midterms, Vance remarks as Israeli stocks tumble

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According to Ynet, Brent crude oil prices fell 9% to $94 a barrel. U.S. Vice President JD Vance identified the war with Iran as the primary reason for the Republican defeat in the Congressional elections. While Wall Street rallied following the Democratic victory, Tel Aviv stock indices slid nearly 2% and the shekel weakened against the dollar. Analysts attribute these fluctuations to domestic political uncertainty in Israel and regional security tensions, though some experts view the current market volatility as a potential buying opportunity.