Oil prices mixed

Business Recorder reported that oil prices moved in different directions on Tuesday. Brent slipped 0.6 percent, or 59 cents, to $106.06 a barrel, while West Texas Intermediate gained 0.8 percent to $94.47. WTI was on course for its highest close since September 24 for a second session in a row, after Brent had closed at its peak since September 15 on Monday.

Expectations of extra Russian supply from a US-Russia diesel deal were balanced by fresh attacks in Saudi Arabia and Yemen. The Kremlin said it saw no direct link between that deal and Moscow's stance on Ukraine peace talks, responding to a Reuters report that US envoys had described the arrangement as part of an effort to bring Russia back into negotiations. US energy data showed Russia was the world's third-largest crude producer in 2025, behind the US and Saudi Arabia.

Diesel prices have climbed to record levels in many regions in recent weeks, linked to supply disruptions from attacks on energy infrastructure in Russia and the Middle East. Houthi officials said Saudi Arabia was striking Sanaa, after Iran-aligned Houthis hit Riyadh's airport during the weekend. Reports also mentioned attacks on tankers close to the Strait of Hormuz, keeping Gulf infrastructure and sea routes under scrutiny.