Brent crude prices fell on Friday as president Donald Trump promised not to attack Iran ahead of the US midterm elections in November
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.
We’re seeing a dip in oil prices this morning, with Brent crude down about 1% at $103 per barrel, following another momentary pause in US attacks on Iran.
We are having productive discussions with the Islamic Republic of Iran. I want to make it clear to everybody that, while Iran is in very bad condition, both Economically and Militarily, and while the Blockade will remain in full force and effect, with Oil flowing in Record Numbers of Barrels through the Hormuz Strait (22 Million Barrels, last night alone, with not one barrel coming from, or going to, Iran!), we will not be attacking Iran at any time prior to the Midterm Elections to be held in the United States on November 3rd. IRAN WILL NOT HAVE A NUCLEAR WEAPON!
9am BST: Italian Industrial production
