NewzOil prices experienced a marginal decline amidst fluctuating market conditions, ongoing Middle East tensions, and potential shifts in United States sanctions policy. WTI crude was priced at $97.31 per barrel, while Brent crude stood at $105.40.
The downward pressure on prices followed considerations by the United States to ease restrictions on certain vessels within the so-called 'shadow fleet.' These potential sanctions relief measures are aimed at countering soaring energy costs and managing supply constraints.
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