Oil falls as Trump sets 50-day deadline for Russia sanctions

Oil falls as Trump sets 50-day deadline for Russia sanctions

Oil prices dipped after Donald Trump gave Russia 50 days to end the Ukraine war or face 100% tariffs on its oil exports. Brent fell 0.5% to $68.84, WTI slid 0.8% to $66.48. The delay eased supply shock fears, especially for buyers like India and China. Analysts warn sanctions could reshape oil markets. Retail sentiment on USO remains bearish.

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