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Oil slips as Trump's sanction waiver may lead to more Russian fuel supplies

Oil prices took a tumble after US President Trump eased sanctions on Russia, prompting a surge in fuel exports. Brent crude futures fell to $108.43 a barrel, down from a peak of $110. Ukrainian President Volodymyr Zelenskiy warned that such actions would adversely impact Ukraine, while the US secured a deal to import diesel from Russia.

19 Oct 2026 7:34 am