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Brent crude oil prices fell by almost 7 percent following a tweet from Vice President Vance blaming the war for significant Republican losses in the U.S. midterms.
Robin Brooks shared this market reaction and noted the possibility of another bombing campaign in the coming days, but described any such action as likely performative and stated his view that the war is now effectively over.
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Brooks previously commented that the recent VIX spike tied to S&P 500 options and AI debt concerns was relatively minor. In an earlier note, he stated that Persian Gulf oil exports had returned to normal, with higher prices linked to shipping costs. The latest remarks follow a series of Brooks's observations on market developments.