In a Thursday Truth Social post, President Donald Trump accused Iran of fabricating 'fake hits' and mines to push up global oil prices before the US midterm elections. He said oil flows through the Hormuz Strait had exceeded their pre-conflict level, but did not say where the alleged hits or mines had occurred. Reuters reported that Brent crude ended lower on Oct. 20 as traders assessed diplomatic contacts involving Iran alongside risks to Middle East energy supplies.
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Donald TrumpIranoil pricesStrait of Hormuz
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PAXG/USDT
▲ Likely positivePAX Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/22/2026 | 4,036.10 |
| Change that session | -2.23% |
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▲ Likely positiveTether Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.4B |
| Close on 10/22/2026 | 4,030.01 |
| Change that session | -2.29% |
XAU/USD
▲ Likely positiveRelevance: medium
| Market | Gold |
|---|---|
| Close on 10/22/2026 | 4,024.59 |
| Change that session | -2.82% |
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