Brent holds near $106 as US mulls easing sanctions

The Express Tribune • Oct 16, 2026

Brent holds near $106 as US mulls easing sanctions

Brent crude was little changed on Thursday as investors weighed possible US steps to ease restrictions on the world's "shadow fleet" of tankers, while conflict in the Middle East kept a geopolitical risk premium in the market. The international benchmark settled down 14 cents, or 0.13%, at $105.92 a barrel. US WTI crude futures settled up $2.88, or 3.03%, to $97.97 a barrel, after a large US crude stock draw helped...