Oil prices drop 2% as Trump lifts sanctions on Russia; tensions in the Strait of Hormuz keep Brent prices above $107
2026-10-19 22:17:50
CoinMeta data: Oil prices fell by more than 2% on October 19 due to Trump lifting new sanctions against Russia. Nevertheless, ongoing disruptions in the Strait of Hormuz kept Brent crude oil prices above $107. Trump's executive order suspending sanctions against Russia and Iran is expected to increase Russia's fuel exports. However, attacks on oil tankers and disruptions in transportation through the Strait of Hormuz continue to pose risks to oil prices. The International Energy Agency warns that despite efforts to restore supplies, diesel shortages may persist until 2027.
Source:Coinpaper
This content is for market information only and does not constitute investment advice.
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