Oil swings on Hormuz attacks and Russia sanctions waiver
Oil prices surged on reports of attacks on shipping in the Strait of Hormuz before easing after President Trump waived Graham Act sanctions and tariffs on Russian energy. Potential future sanctions on major buyers of Russian crude are highlighted.
Original · FXStreet AI summary of public reporting
Why: Hormuz shipping attacks → oil price surge
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At publication → CurrentBRENTOIL104.79 → 105.13+0.3%
CL97.44 → 97.75+0.3%