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Oil Prices Ease Slightly as US Considers Relaxing Shadow Fleet Tanker Sanctions

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Crude oil prices declined marginally amid volatile markets and ongoing Middle East tensions. WTI crude was trading at $97.31 a barrel, while Brent stood at $105.40. US officials are reportedly considering lifting restrictions on certain vessels in the so-called shadow fleet, a move intended to ease sharply higher global shipping costs. Despite a diesel stock release coordinated by the International Energy Agency, worries about the adequacy of oil supply have not fully subsided.

Read the full story at Times of India

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Oil Prices Ease Slightly as US Considers Relaxing Shadow Fleet Tanker Sanctions · ShortSingh