In phenol, the $-\ce{OH}$ group activates the benzene ring towards electrophilic substitution. But why is it that the electrophilic bromination of phenol gives trisubstitution (forming 2,4,6-tribromophenol) when aqueous bromine is used, but monosubstitution (either 2- or 4-bromophenol) when a $\ce{CCl4}$ solution of bromine is used? How does the solvent control the extent of bromination?
Related but does not explain completely: How do we know whether we will get a mono substituted or tri-substituted product during electrophilic aromatic substitution?