US midterm election results: Can Trump's setback ease gasoline prices as oil markets bet on Iran war de-escalation?
New Delhi, Nov. 5 -- US motorists could get some relief from high gasoline prices in the coming days as a sharp decline in crude oil following the midterm elections raises hopes of an end to the war in Iran. The prospect of lower fuel costs comes after rising prices became a major concern for voters and contributed to the Republican Party's losses.
US President Donald Trump acknowledged that the cost of gasoline had become a political liability for his party. Reflecting on the election outcome in an interview with Fox News, he said voters were reluctant to bear the higher fuel costs resulting from the conflict, even if they supported his stated objectives in Iran.
Trump described the increase in gasoline prices as a short-term consequen...
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