transportation accident and incident

Brent falls 1.8% as Trump waives Russia sanctions

• December Brent crude futures fell 1.8% to $107.86 a barrel Monday, and December WTI dropped 1.7% to $97.37 a barrel, according to The Wall Street Journal.
• President Trump signed an executive order Friday waiving sanctions and tariffs under a new Russia-targeting law, easing some energy-trade curbs; the waiver does not affect earlier sanctions already in place.
• Analysts at ANZ Research said the Monday decline could reflect a technical correction following Friday's gains, and warned that further downside could be limited by geopolitical tensions and the risk of additional supply disruptions.
• The Wall Street Journal reported Iran has been providing Yemen's Houthi militia with intelligence and targeting assistance for attacks on Saudi Arabia, and that the Houthi-controlled coastline along the Bab al-Mandeb Strait is a key route for Saudi oil exports.
• Ukrainian drones struck a St. Petersburg oil terminal Sunday, and the U.K. Maritime Trade Operations agency reported an attack on a tugboat near the United Arab Emirates the same day.
• Morgan Stanley raised its fourth-quarter Dated Brent forecast to $105 a barrel, citing record tanker freight costs, low inventories and continued geopolitical risks.