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Oil Prices Fall on Shadow Fleet Sanctions | Markets & Money News
Oil prices have dipped slightly, with Brent crude at $105.51 per barrel and US West Texas Intermediate at $97.43. This decline comes as the International Energy Agency plans to release over 20 million barrels of diesel to address demand concerns. Investors are also reacting to potential US sanctions being lifted on vessels transporting oil from Russia and Iran, which could impact global freight rates. Meanwhile, escalating tensions in the Middle East, including renewed attacks, are maintaining
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