Full coverage· Economy· Updated 4 Nov, 20:44

Oil Prices Plunge Following Vance's Remarks on Election Results

Oil prices plummeted by up to 9% after US election results and Vice President J.D. Vance attributed his party's loss to the war with Iran. Wall Street stocks surged, but the Tel Aviv Stock Exchange saw significant drops, with the shekel weakening against the dollar amid security and political concerns.

2 newsrooms · 2 languages · since 4 Nov, 19:13

Plus

Photos · 2

Photos the newsrooms posted about this story, and the ones the IDF and Magen David Adom released.

Official photos are free. 2 more with Plus.

What happened

01Oil prices dropped significantly following US election results and Vice President J.D. Vance's statements.
02Brent crude fell to $94 per barrel and WTI crude to $88 per barrel.
03Vance cited the war with Iran as the main reason for his party's election defeat.
04US stock markets rallied, while the Tel Aviv Stock Exchange experienced sharp declines.
05The Israeli shekel weakened against the dollar due to security and political concerns.