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President Donald Trump had endorsed fellow Republican Jon Maples in the special election against Emily Gregory, the Democratic nominee.

Oil prices fell 5% after Donald Trump that Washington and Tehran are "in negotiations right now" and indicated Iran is keen to reach a peace agreement.

Trump said he decided to back off from his recent threat to order strikes on Iranian energy infrastructure "based on the fact we're negotiating."

Global oil prices tumbled and U.S. stock futures rose on Tuesday evening following reports that the U.S., via intermediary Pakistan, had sent Iran a 15-point plan to end the conflict in the Middle East, now in its fourth week.