Brent retreats to $104 despite supply disruption threats, US sanctions easing plans

Oil prices fell to $104 per barrel despite ongoing war risks and threats of new supply disruptions, as markets weigh US plans to ease sanctions that could increase supply. The retreat suggests traders are pricing in a potential supply boost from sanctions relief, offsetting geopolitical risk premiums. Uncertainty remains over the timing and scope of US sanctions easing and the actual impact on global supply.