#geopolitics

Iran said it seized two container ships in the Strait of Hormuz after reports of three attacks; Brent briefly topped $100 before trading 0.5% higher at $99.03.

Brent crude fell 9.1% to $90.38 on April 17 after Iran said the Strait of Hormuz was open, while the S&P 500 rose 1.2% to a record. On April 18, Iran said control of the strait had reverted to strict military management, and AP reported that UKMTO said IRGC gunboats fired on a tanker.