ReportedShipping, energy & marketsGlobal oil markets; Persian Gulf
Oil prices fall as Trump considers lifting sanctions on shadow-fleet tankers
- Mountain Time
- Local time
- 5:19 AM UTC, Oct 15
- Where
- Global oil markets; Persian Gulf
OilPrice.com reported that crude prices retreated as President Donald Trump considered lifting sanctions on tankers transporting oil and fuels from Venezuela, Russia and Iran to ease a tanker shortage. Brent traded at $104.39 a barrel and WTI at $94.02 at the time of the report. The article did not report a sanctions decision.
Why it matters
Sanctions relief could expand the pool of available tankers and reduce record shipping costs, but shipowners still need an actual policy decision before treating sanctioned vessels as available.
Source
- OilPrice.comoilprice.comPublished
Confidence: Published by a named news organization. Not yet independently confirmed. About confidence labels