BusinessPhoto: Hindu BusinessOil Prices Rise Amid Iran War Uncertainty and US Midterm Results
Oil prices rose on November 4, 2026, as investors awaited Washington's next move in the Iran conflict. Brent crude increased by 0.8% to $104.42 per barrel, while US West Texas Intermediate crude gained 0.5% to $96.59. The rise followed Democrats winning control of the US Congress in midterm elections, creating market volatility amid ongoing military tensions and mixed signals from President Trump.
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