Trump exempts Russia from sanctions, and oil falls to $107.8
WHAT HAPPENED
Trump exempted Russia from several sanctions and tariffs to allow more diesel sales to the United States. Brent fell 1.9% to $107.8 per barrel, and WTI dropped 1% to $100.4.
WHY IT MATTERS
More Russian diesel could increase global supply and lower fuel prices. That would ease costs for gas stations, freight companies, airlines, and European households. But attacks in the Gulf have reduced oil flows, limiting the decline.
AND FOR YOUR PORTFOLIO
For a long-term portfolio, the news shows why oil can move quickly: a political decision pushes prices down, while a conflict drives them up. In Mexico, gasoline prices may take longer to reflect a decline because of taxes and local rules.
💬 TELL IT LIKE THIS
“Russia can send more fuel, which lowers oil prices, but attacks in the Gulf are still putting a floor under prices.”