India, Nov. 5 -- US-Israel-Iran War Latest Live News: Oil markets are suddenly looking at the US midterm election results as a possible turning point for the months-long US-Iran conflict. Crude prices extended their sharp decline on Thursday, November 5, after Brent fell 8.7% in the previous session and slipped further below the $95-a-barrel level.

Traders are betting that a Democratic-controlled Congress could increase political pressure on US President Donald Trump to pursue diplomacy with Iran, potentially reducing the risk of further disruption to Middle Eastern oil supplies. Brent crude was recently around $93.65 a barrel, down 1.03%, while US West Texas Intermediate (WTI) fell 1.29% to about $86.98.

The latest fall came after both...