Brent crude, which had touched US$95.29 a barrel on 21 August, fell for three straight sessions to trade just below US$86 by Wednesday, as satellite tracking suggested Saudi Arabia was loading more crude from inside the Persian Gulf and US President Donald Trump said some 10 million barrels had passed through the Strait of Hormuz on a single day.
Iran and Oman reportedly reached an understanding on dividing Hormuz’s waters and revenues, though Tehran cautioned that reopening the waterway fully would need more than a bilateral nod.
👉 Read the full story: https://indoen.com/news/brent-slides-as-hormuz-eases-but-indias-crude-math-stays-complicated