Oil opens high, loses strength throughout the morning and retreats

Understand what makes the price of the dollar rise or fall
The market reacts to the new escalation of tensions in the Middle East. This Thursday (9), the United States and Iran announced new attacks for the second consecutive day, amid the dispute over the Strait of Hormuz, one of the most important maritime routes in the world for the transport of oil and gas.
At around 9 am, the barrel of Brent oil was up 0.58%, at US$ 78.52. Later in the morning, around 10:30 am, the indicator reversed sign and started to fall 0.04%.
WTI also rose 0.34%, to US$ 73.76 at 9 am, but started to fall 0.53% at 10:30 am. The movement is milder than the previous day, when oil rose more than 7%.
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On Wednesday night (8), US Central Command forces carried out a new round of attacks against Iran, with the aim of reducing the country's ability to attack commercial ships and civilian sailors in the Strait of Hormuz.
The military action reached around 90 strategic targets along the Iranian coast. Among the structures destroyed or damaged are air defense systems, coastal surveillance assets, missile and drone storage sites, naval capabilities and military logistics infrastructure.
What is the Strait of Hormuz, key to global oil
The Strait of Hormuz is a maritime corridor about 50 kilometers wide that connects the Persian Gulf with the Gulf of Oman and the Indian Ocean. Before the war, around 20% of all oil and gas traded in the world passed through the area.
Although Iran does not own the sea route, it controls the northern coast of the strait, as well as several islands and military positions. This allows the country to monitor practically all vessel traffic in the region.
In recent years, Iran has transformed this geographical position into an instrument of political and military pressure. After the start of the war, the country closed the strait to gain an advantage at the negotiating table.
Currently, the Iranian government advocates that the world recognize the country's sovereignty over the sea route.
See below what the day was like on the market on Wednesday (8).
Dollar

a
Accumulated for the week: -0.38%;
Accumulated for the month: -0.28%;
Accumulated for the year: -6.20%.
Ibovespa

Accumulated for the week: -1.96%;
Accumulated for the month: -0.80%;
Accumulated for the year: +5.91%.
Real and dollar banknotes
Amanda Perobelli/ Reuters

Source: G1