Risk of Iran war escalation remains high despite Democratic sweep in U.S. midterm elections

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The U.S. and Iran are careening toward renewed war despite growing hopes this week that the Democrats' 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' stinging loss on the war. Vance's remarks raised questions about whether there is still support within the administration to continue the conflict with Iran. The 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.