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Crude oil prices fall below $90 a barrel as Vance blames GOP election defeat on Iran war

Crude oil prices fell more than 4% on Wednesday after Vice President JD Vance blamed the Republicans' steep midterm election losses on the Iran war.

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Donald Trump Jr. publicly backed JD Vance's assertion that Trump's war with Iran was the reason Republicans were clobbered in the midterms.

"The reason we lost is the war," Vance wrote in a post on X. "The president himself said so last night."