Framing Analysis
Brent crude traded at $87.58 a barrel at 9:13 a.m. EDT on Friday, down 1.08 percent from the prior close, after the US military stated it had cleared Iranian-laid mines from transit routes in the Strait of Hormuz. Only five vessels transited the strait on Thursday according to Kpler data, while Qatar's prime minister visited Tehran the same day. President Trump gave an interview with Glenn Beck on Thursday.