Oil drops 1% as Russian diesel exports expected

Oil prices declined by approximately 1% after their recent rise due to concerns over increased Russian diesel supplies and Middle Eastern tensions. The U.S. president announced that Russia has agreed to supply diesel to the global market, and U.S. sanctions on Russian fuel have been temporarily lifted, potentially easing supply shortages and limiting price hikes, though some American lawmakers oppose this agreement. The market remains worried about possible attacks on shipping facilities in the Gulf, and regional tensions and geopolitical factors continue to influence global oil prices, with Brent crude falling to $105.34 per barrel and West Texas Intermediate dropping to $92.55.

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