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Oil prices dip marginally as US weighs easing sanctions on ‘shadow fleet’ tankers

Confidence78·developingImportance88NP-EVT-20261016-8F5A639

Amid fluctuating oil markets, current tensions in the Middle East and possible shifts in US sanctions have resulted in a marginal decline in oil prices. WTI crude is priced at $97.31, with Brent crude at $105.40. While recent moves to lift restrictions on certain vessels aim to counter soaring global freight rates, the International Energy Agency's diesel release hasn't completely eased concerns about oil supply.

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Oil prices dip marginally as US weighs easing sanctions on ‘shadow fleet’ tankers
SHIVANGHI PAYAL · 10/16/2026, 1:49:20 AM
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