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

Times of India · 19 October 2026 at 7:13 am

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

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

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