Brent steady as US weighs easing curbs on global ‘shadow fleet’

Business Recorder • Oct 16, 2026

HOUSTON: 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 bench...

HOUSTON: 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 percent, at USD105.92 a barrel. US West Texas Intermediate crude futures settled up USD2.88, or 3.03 percent, to USD97.97 a...