From The Economic Times · Reuters · · 1m
Oil prices drop as US weighs sanctions on shadow fleet
Oil prices fall as US considers easing sanctions on shadow fleet vessels amid Middle East tensions.
In brief
Oil prices fall as US considers easing sanctions on shadow fleet vessels amid Middle East tensions. Oil prices dropped after investors weighed potential US sanctions on shadow fleet vessels that transport oil from Russia, Iran and Venezuela amid Middle East conflicts. Originally reported by The Economic Times.
Oil prices edge down
Oil prices fell 41 cents, or 0.39%, to $105.51 a barrel by 0012 GMT.
US considers shadow fleet sanctions
The Trump administration is considering lifting sanctions on shadow fleet vessels that transport oil from Russia, Iran and Venezuela.
Middle East tensions rise
Saudi Arabia and Yemen's Houthis escalated conflict with attacks on ships in the region.
Houthis attack in Aden
Houthis fired missiles at the presidential palace complex in Aden, killing two guards.
US sanctions on Russian diesel
Trump temporarily lifted sanctions on Russian diesel fuel, drawing criticism from Ukraine and European countries.
Oil prices react to Middle East
Investors said Middle East tensions would cool oil prices if tensions eased.
The headline
Oil prices dropped after investors weighed potential US sanctions on shadow fleet vessels that transport oil from Russia, Iran and Venezuela amid Middle East conflicts.
