Oil prices fall as Middle East tensions ease and Russia sanctions relax

infomoney.com.br (Portuguese) — October 19, 2026 at 08:01 PM UTC

Oil prices fell on Monday, October 19, with Brent closing down 0.28% at $109.55 per barrel and WTI down 0.48% at $98.54, as investors weighed Middle East tensions against eased US sanctions on Russia. President Donald Trump ordered relief on some Russian sanctions and tariffs on Friday, while also supporting Israeli Prime Minister Benjamin Netanyahu and threatening intensified action against Iran. Trump accused Ukraine's leader of harming global diesel supplies through attacks on Russian refineries. Reports suggest Washington and Tehran may announce progress in Qatar and Pakistan-mediated talks this week, including a proposal to reopen the Strait of Hormuz. Analysts say Middle East hostilities, including Saudi-Houthi tensions, will likely limit further oil price declines.

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