Brent falls below $109 after Trump lifts Russia sanctions
Published 1 d ago8 sourcesEvidence: Reported
Russian equities opened 0.8% higher after President Trump temporarily paused implementation of new anti-Russian sanctions, easing geopolitical risk. Gains are also supported by expectations of Russian diesel exports to the US and Brent crude near $107.6. The move signals a potential thaw in US-Russia economic relations, though the pause is temporary and policy could reverse.
The US has temporarily eased sanctions on Russia, including tariff exemptions and a postponement of new measures, leading to a decline in oil prices and a rally in Russian equities. Concurrently, US-Iran diplomatic developments are also contributing to reduced oil supply fears. The full market impact and duration of these policy shifts remain uncertain.
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