Oil Prices Remain Under Pressure !

The United States administration under President Donald Trump has issued a temporary waiver allowing countries to purchase sanctioned Russian oil and petroleum products at sea for a limited period. According to the U.S. Treasury Department, the waiver permits transactions for oil loaded onto vessels until the 16th of next month, extending the earlier relief that had expired recently. The move is aimed at stabilizing global energy markets amid rising tensions and increasing fuel prices during the ongoing geopolitical conflicts.

Despite this temporary relaxation, global oil prices remain volatile due to disruptions in key supply routes, especially the partial closure of the Strait of Hormuz. This route plays a crucial role in global oil transport, and any disturbance has a direct impact on prices. While the waiver may offer short-term relief by increasing supply, experts believe geopolitical uncertainties will continue to keep the market unstable