News
🚨 🇺🇸 Trump says Iran is faking Gulf attacks to push oil higher before the midterms
🚨 🇺🇸 Trump says Iran is faking Gulf attacks to push oil higher before the midterms
- 🇺🇸 President Trump said on Truth Social that Iran is making up ship hits and mines to drive oil prices up before the US midterms, and claimed more oil now moves through Hormuz than before the conflict, per newswires ()
- 🇸🇦 A separate report says the ordered departure of non-essential US embassy staff from Riyadh is tied to the Houthi threat rather than wider Iran escalation, per newswires
FO view: This cuts against Iran's claims of struck tankers and the supply-risk premium behind December Brent near 111, but it is a political claim rather than shipping data, and the Kharg export squeeze still stands.
Not investment advice.