Oil eases early on Trump's talk of productive Iran talks, but ends higher as tanker attacks continue
Oilprice.com reported Brent around US$102.83 and WTI around US$90.33 on Friday, easing after reports that Trump said productive talks were taking place with Iran, and that Iran struck a tanker in the Gulf of Oman. WTI closed at US$91.85 (+0.39%). Iran previously denied that talks were taking place. These details come from one outlet.
Oil sets the price of fuel before tax, and every change feeds into inflation.
No immediate change at the pump, but a lasting rise would test the fuel excise measures in the budget.
Trump says talks are productive, which would ease supply fears.
Iran denies negotiating, and tanker attacks continue.
Talk of talks has moved prices before and then failed. Wait for a confirmed meeting.
DailyDrop Ireland edition No. 6 · Morning · SAT., OCT. 10, 2026