Oil prices experienced a slight decline Friday morning in trading, influenced by ongoing geopolitical concerns in the Middle East. Investors are currently assessing the potential impact of possible US actions regarding a network of tankers known as the “shadow fleet.” This fleet is reportedly involved in transporting Russian oil, and the US is considering easing restrictions on these vessels. The market is reacting to the uncertainty surrounding potential US sanctions and their effect on global oil supply. Any disruption to this shadow fleet could impact the availability of crude oil, while eased restrictions may increase supply. The situation continues to be closely monitored by traders and analysts as they attempt to predict future price movements.

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