Oil Prices Plunge, Tel Aviv Stocks Fall Amid US Election Results

By גד ליאור

Translated & summarized from Ynet by baba

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Hebrew · 2 newsrooms covering

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Oil prices and the Tel Aviv stock market saw significant drops following the US midterm elections and comments by Vice President J.D. Vance. Brent crude fell 9% to $94 a barrel, and WTI dropped 8% to $88. The TA-35 index in Tel Aviv decreased by 1.96%. Vance cited the war with Iran and voter desire for altered relations with Israel as factors in the election results.

The story in 5 lines · by baba

Oil prices dropped sharply after US midterm elections and comments by Vice President J.D. Vance.
Brent crude fell 9% to $94 per barrel, and WTI crude dropped 8% to $88.
The Tel Aviv stock market closed with significant declines across major indices.
The TA-35 index fell 1.96%, the TA-125 index dropped 1.86%, and the TA-90 index decreased 1.9%.
Vance linked election results to the war with Iran and voter desire for changed relations with Israel.

Oil prices experienced a dramatic decline following the US midterm election results and comments from Vice President J.D. Vance. Vance attributed the election outcomes, in part, to the war with Iran and voters' desire for a change in relations with Israel. Brent crude oil is currently trading around $94 per barrel, a significant drop of 9%. West Texas Intermediate (WTI) crude is trading near $88 per barrel, down approximately 8%. The stock market in Tel Aviv also closed with sharp declines. The TA-35 index fell by 1.96% to 3,969.53 points, the TA-125 index dropped 1.86% to 3,849.08 points, and the TA-90 index decreased by 1.9% to 3,484.82 points. At their lowest point in the afternoon, the leading indices had lost over 2%, though the declines moderated slightly as the market approached closing.