Oil prices drop as Trump lifts Russia sanctions

fr.investing.com (French) —

Oil prices fell sharply Monday after President Donald Trump signed an executive order suspending most sanctions and tariffs on Russia, with Brent futures dropping 1.4% to $108.35 a barrel. The move, announced Friday, reverses planned penalties and follows a US-Russia diesel import deal, while Trump blamed Ukraine for rising fuel costs. Ukrainian officials vowed to continue strikes on Russian infrastructure. The decision drew bipartisan criticism from US lawmakers, as Trump faces months of high fuel costs ahead of midterm elections. Ongoing US-Iran tensions and Saudi-Houthi clashes continue threatening Middle East supply.


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Oil prices drop as Trump lifts Russia sanctions | News Minimalist