Report
Oil Prices Volatile Amid Hormuz Tanker Attacks and Trump De-escalation Signals
Brent crude surged over 4% Thursday, then pulled back Friday; BRICSinfo reports Iran's IRGC disputed Trump's Hormuz oil-flow claims.
TLDR
Brent crude surged over 4% Thursday amid Strait of Hormuz tanker attacks, then pulled back Friday as President Trump signaled productive discussions with Iran and claimed record oil flows through the strait. BRICSinfo reported October 9 that Iran's IRGC said it had “full control” of the strait and called Trump's oil-volume claims incorrect.
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