Energy Markets

Oil Rebounds Toward $110 as Gulf Tanker Attacks Escalate

Oil prices recovered on October 21 as fresh threats to commercial shipping in the Gulf overshadowed hopes of diplomatic progress. Brent approached $110 a barrel, with attacks on vessels and elevated freight costs complicating the movement of Middle Eastern crude.

Oil Prices Retreat as Trump Waives New Sanctions on Russia

Brent crude retreated below $109 after President Trump suspended new sanctions and punitive tariffs targeting Russia. The waiver eases pressure on global oil supplies and reduces immediate tariff risks for major buyers, including India, while Middle East shipping disruptions continue.

Oil Slips Toward $106 as Russian Diesel Offers Relief From Gulf Supply Pressure

Oil prices eased after Monday’s rally as traders assessed the return of Russian diesel to global markets against continuing risks to Gulf shipping and energy infrastructure.