Oil eases as markets assess potential waiver on Russian energy, Middle East supply risks

Oil prices eased on Tuesday as markets assessed the potential implications of an executive order from US President Donald Trump that waives some sanctions and tariffs on Russian energy exports. The order, which was issued on Friday night, includes waivers on Russia-related US sanctions and tariffs, such as duties on the country's goods and penalties for buying its oil and gas.

However, President Trump has yet to announce a final decision on the matter, while Secretary of State Marco Rubio stated that officials want more time to evaluate the situation. Meanwhile, ongoing attacks on Saudi Arabia and Yemen fueled fears of Middle East supply disruptions, keeping oil prices above $100 a barrel.

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