El petróleo se desploma un 8% por la esperanza de un acuerdo de paz tras las elecciones

The price of oil has dropped by 8% following hopes of a peace agreement in the wake of midterm elections, as tensions ease in the Middle East. President Donald Trump has stated he does not plan any attacks against Iran in the short term, while Vice President JD Vance has blamed the conflict for the Republican Party's electoral defeat.

The outcome of the mid-term election in the United States is not only affecting global stock markets but also has immediate effects on the energy market. Brent crude, a reference price in Europe, fell by 8% and fell below $95 per barrel, while West Texas Intermediate, a reference price in the United States, dropped by 7.5% and fell below $89 per barrel.

The market interprets the Republican Party's loss as a possible alleviation of a potential escalation of conflict in the Middle East. US Vice President JD Vance also attributed the war against Iran as the party's harsh loss in the recent elections. Dennis Kissler of BOK Financial noted that the Democratic Party's control over Congress could reduce US military spending in the Middle East and increase the chances of a peace agreement sooner rather than later.

Claudio Galimberti, chief economist at Rystad Energy, added that now that both chambers have the ability to pass resolutions, block funding for the war, and delay appointments, the administration faces a smaller political margin of maneuver and greater institutional pressure to reach an agreement on the Strait of Hormuz. Oil is therefore likely to continue its downward trend following the start of the week when Iran proposed "reopening the Strait of Hormuz within two days" and resuming negotiations for an end to the war, provided Washington complies with "reasonable and logical" conditions.

Iran's top priority is for the United States to lift the sanctions on Iranian ports and ships. The Islamic Republic also demands that peace negotiations focus on ending the conflict "on all fronts," including Lebanon, where Israel is fighting Hezbollah, an ally of the Islamic Republic. Iran and the United States have intensified diplomatic efforts in recent weeks to end the war, following JD Vance's letter to Supreme National Security Council Secretary Mohsen Rezaei to resume negotiations.

On Monday, oil prices accelerated when Iranian news agency IRNA quoted Iranian President Masoud Pezeshkian saying that Supreme Leader Ayatollah Jamenei had authorized the civil government to negotiate ending the conflict.