US Sanctions Disrupt Iranian Oil Trade Amidst Nuclear Talks
Oil prices remained stable after US sanctions targeted Iranian crude exports disguised as Iraqi oil, with Brent at $68.93 and WTI at $65.42 per barrel. The US also expressed concerns over Brazil's purchases of Russian diesel. Expectations point to a decline in US oil inventories by about 3.4 million barrels last week. OPEC+ is expected to maintain current production levels in its upcoming meeting, with some analysts suggesting a potential for future production cuts due to market surplus concerns.