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The Economic Times

Global Business / The Economic Times

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Oil edges down as investors weigh possible US sanctions on 'shadow fleet'

Following recent geopolitical tensions and fluctuating investor sentiment, oil prices have seen a downward trend. Brent crude futures suffered a slight loss, primarily due to concerns surrounding the escalating conflicts between Saudi Arabia and the Houthis in Yemen. As discussions in the US revolve around relaxing restrictions on tankers, the International Energy Agency's proactive measure to release diesel into the market is an attempt to stabilize surging prices.

16 Oct 2026 7:32 am