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2026-10-15T06:52:20.505Z

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Oil falls as US cuts shipping fees

Oil falls as US cuts shipping fees

Oil prices fell by more than 1% during Thursday's trading, amid concerns over supply risks due to attacks on ships in the Strait of Hormuz and the United States easing sanctions on some vessels transporting oil. In recent days, ships have been targeted, and new Iranian tactics to target vessels have been announced, with the attacks increasing and shipping traffic in the region being affected. Despite Russia and the Gulf countries increasing their production, tensions continue to threaten global oil flows, along with an unexpected significant drop in U.S. oil inventories. However, prices did not react sharply to the substantial decline in inventories, reflecting investors' caution about the possibility of prices rising again.

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