https://www.live-feeds.com/feed/oil-edges-lower-as-u-s-bombs-iran-before-election-dayContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/oil-edges-lower-as-u-s-bombs-iran-before-election-dayhttps://www.live-feeds.com/feed/oil-edges-lower-as-u-s-bombs-iran-before-election-day#u182130Fri, 06 Nov 2026 17:56:26 +0000Crude oil prices are declining for a second consecutive day as markets balance the impact of US bombing campaigns in Iran against hopes for a diplomatic resolution. Brent crude slipped below $105 following reports of momentum in peace talks, though Tehran has dismissed those claims. While initial US strikes renewed supply concerns and caused a brief rebound, the current trend is downward. This volatility coincides with the unfolding of US midterm election results and conflicting signals from the Trump administration regarding a potential settlement with Iran.Why it mattersThe Strait of Hormuz