
War impact on markets: Brent falls 13.3% in its steepest week since 2020 as the midterm sweep drains the war premium
The war impact on markets this week ran in reverse: January Brent settled at $98.32 on Friday, down $15.11 or 13.32% on the week — its largest weekly percentage fall since April 2020 — after the Democratic midterm sweep raised hopes of an Iran war de-escalation, Reuters reported, even as Hormuz tanker attacks running at close to record pace put a floor under prices. WTI settled at $90.83, gold ended the week above $4,000 despite a Friday fall, defense stocks sold off with Lockheed Martin down about 11% on the week, wheat fell for a tenth straight week, and the S&P 500 closed at 7,376.86, down 2.7% on the week. Figures checked Friday, November 6, 2026, 4:20 PM Central Time.
By War Info Hub Research Desk · November 6, 2026 · 7 min read

































































































































































