Oil prices fell Thursday as traders assessed potential supply disruptions following attacks on ships in the Strait of Hormuz. Brent crude dropped 1.66% to $104.31 per barrel while West Texas Intermediate fell 1.09% to $94.05. A Singapore-registered ship was sunk in the strategic waterway, raising fears of a prolonged Mideast conflict. The International Energy Agency warned that diesel market constraints could persist well into next year with fresh attacks on Saudi Arabia threatening supply recovery. The Trump administration is considering easing sanctions on shadow fleet vessels transporting Russian oil to help ease prices.
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