Washington
\nThe U.S. and Iran are careening toward renewed war despite growing hopes this week that the Democrats\u2019 decisive midterm election victory will bring the conflict to an end, analysts say.
\nCrude oil prices fell more than 16% over the last five trading days after Vice President JD Vance publicly blamed the Republicans\u2019 stinging loss on the war. Vance\u2019s remarks raised questions about whether there is still support within the administration to continue the conflict with Iran.
\nThe Democrats plan to use their comfortable majorities in both chambers of Congress to pass a war powers resolution that demands President Donald Trump end the war. But tensions in the Middle East have not eased since the election, and the Democrats aren\u2019t sworn in until January, the analysts say.
\n\u201cThroughout the week, we were struck by the divergence between deepening escalation concerns in the Gulf and the headline driven off-ramp optimism of market participants thousands of miles away,\u201d Helima Croft, head of global commodity strategy at RBC Capital Markets, told investors in a note Friday.<\/p>\n","protected":false},"excerpt":{"rendered":"
Washington The U.S. and Iran are careening toward renewed war despite growing hopes this week that the Democrats\u2019 decisive midterm election victory will bring the conflict to an end, analysts say. Crude oil prices fell more than 16% over the last five trading days after Vice President JD Vance publicly blamed the Republicans\u2019 stinging loss […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-576561","post","type-post","status-publish","format-standard","category-world"],"yoast_head":"\n