Oil holds steep losses after U.S. election fuels Iran peace hopes

Summary

Event KB match: "U.S. stocks swing between losses and gains on un­c" (proven geopolitical_conflict pattern). Known impact chain: european_natural_gas_price, energy_risk_premium, european_equity_sentiment. Importance: high (conservative assessment).

Market Impact

Key variables: european natural gas price, energy risk premium, european equity sentiment, defense spending outlook

Affected sectors: european utilities, defense, agriculture, construction, fertilizers