Oil Prices Drop as Trump Eyes Easing Sanctions on Shadow Fleet Tankers

Crude oil prices fell today, with Brent trading at $104.39 and WTI at $94.02 per barrel, following reports that former President Trump is considering easing sanctions on tankers transporting oil from Venezuela, Russia, and Iran. This move aims to alleviate a severe global tanker shortage, which has been exacerbated by the Persian Gulf conflict.