Hormuz Uncertainty Reigns: Oil Whipsaws, LNG Stays Sealed, and Gold Shines as the Ultimate Hedge

Crude oil prices fell for three straight days as a flurry of headlines suggested a potential breakthrough in reopening the Strait of Hormuz, with President Trump claiming "all mines have been removed" and diplomats reportedly returning to the Middle East. U.S. crude dipped below $80 per barrel early Wednesday for the first time since Aug. 13 before reversing sharply higher on reports of a possible Russian escalation in...