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National News

The Times of India

National / The Times of India

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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.

19 Oct 2026 7:13 am