Oil Prices Drop to $103 Amid Iran Tensions and Energy Ceasefire
Oil prices fell on October 12 as expectations of increased Russian supplies pressured the market. US President Donald Trump announced a ceasefire between Ukraine and Russia on attacks against energy facilities, following a US-Russia diesel supply deal. Brent crude dropped to $103.35 per barrel, while US West Texas Intermediate fell to $90.42. Meanwhile, Iran war tensions persist after Houthi attacks on Riyadh airport killed 13 and injured over 300.
ET Markets··Riyadh



