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  الكتائب اللبنانية
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الكتائب اللبنانية

2026-11-04T10:01:37.124Z

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  الكتائب اللبنانية

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Oil Eases on Hormuz Risk

Oil Eases on Hormuz Risk

Oil prices fell on Wednesday as markets awaited the results of the U.S. midterm elections and concerns mounted over supply disruptions amid tensions in the Middle East and around the Strait of Hormuz. Brent crude dropped 0.84% to $102.70 a barrel, while West Texas Intermediate fell 1.06% to $95.03. Concerns intensified after two projectiles struck an oil tanker northeast of Oman, while markets assessed how the new balance of power in Congress might affect Washington’s policy toward the conflict with Iran.

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