Oil prices ease as Trump waives Russia sanctions, Middle East risks persist

Oct 19, 2026 - 08:00
Oil prices ease as Trump waives Russia sanctions, Middle East risks persist

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Oil prices have seen a downturn due to US President Donald Trump's decision to lift sanctions on Russia, causing worries about supply stability. Brent crude is now at $108.3 per barrel, while West Texas Intermediate has decreased to $101.2 per barrel. Heightened security risks in the Middle East and the ongoing uncertainty of US-Iran talks are adding to the market's instability.

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