Geopolitics

Brent crude falls to $103.53 after Trump cites productive Iran talks, even as new tanker strikes near the Strait of Hormuz keep energy markets on edge.

Trump rules out military action against Iran before November 3 midterms as oil prices top $100 a barrel and gas costs rise over $1 a gallon since the conflict began.

Russia offers mediation as Iran-Saudi fighting over Mocha port continues and Rubio claims Iran lost control of the Strait of Hormuz. Gold slips to $4,123.91/oz.

Iran has launched nine tanker attacks in the Strait of Hormuz this month alone as Brent crude rises to $101.51. VP JD Vance demands enrichment cuts to end the nearly eight-month war.

The Department of War raises Hostile Fire Pay to $450 a month and Imminent Danger Pay to $275 for the first time since 2002, as US casualties mount in the Iran conflict.

Brent and WTI crude pull back as Strait of Hormuz traffic nears pre-war levels, even as the US-Iran conflict drags on and Washington points fingers over the Flydubai attack.

Iranian Oil Minister Mohsen Paknejad has resigned amid internal power struggles, while an Israeli strike killed a senior Hamas Nukhba operative in Khan Younis.

Tehran proposes a seven-day roadmap to end the Hormuz blockade in exchange for sanctions relief and $12 billion in unfrozen assets. Trump has rejected the terms. Here’s what it means for oil prices.

Iran’s currency has lost a quarter of its value in two months and inflation nears 90% as the US deploys the USS Theodore Roosevelt and 10,000 troops to the Gulf, while Tehran vows the Strait of Hormuz stays shut.

A third US aircraft carrier and 9,000 additional troops are heading to the Middle East as Trump weighs fresh strikes on Iran. Here’s the market impact.