https://www.live-feeds.com/feed/oil-prices-plunge-after-vance-post-on-iran-warContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/oil-prices-plunge-after-vance-post-on-iran-warhttps://www.live-feeds.com/feed/oil-prices-plunge-after-vance-post-on-iran-war#u195316Thu, 12 Nov 2026 00:10:48 +0000Crude prices fell sharply Thursday after a social-media post by Vice President J.D. Vance suggested the U.S. is moving toward a diplomatic resolution with Iran. Brent and WTI both dropped below $100 a barrel for the first time in nearly two months, extending a multi-day slide that has erased the war-risk premium built up during the conflict. Traders are pricing in a lower probability of supply disruptions through the Strait of Hormuz.Why it mattersOil had rallied above $100 earlier this month after the U.S. and Iran exchanged direct military strikes, threatening tanker traffic in the Gulf. The