Oil prices fall from 5-month high as Trump eases Russia sanctions

hindustantimes.com —

Oil prices fell Monday from a five-month high after President Donald Trump eased sanctions on Russia, raising prospects of increased fuel supply, while Middle East tensions continued to fuel supply fears. Brent crude dropped 2.08% to $107.57 per barrel, and West Texas Intermediate fell 1.92% to $99.46, following Friday's highs. Trump's executive order waives key sanctions under the Graham Act, potentially allowing Russian diesel exports starting at 2.3 million barrels this month. Analysts called the move a short-term attempt to control prices before US midterm elections, with limited impact on actual supply disruptions. Attacks on Gulf vessels have cut regional crude flows to 8.5 million barrels daily, down from over 20 million, keeping prices supported.


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