Oil prices fell on Monday, as the latest European sanctions on Russian oil are expected to have minimal impact on supplies, while U.S. tariffs stoked demand concerns. Brent crude futures dropped 26 cents,

Oil prices declined in early Asian trading on Tuesday as markets assessed that European sanctions on Russia would have a minimal effect on global supply. At the same time, growing concerns over a potential trade dispute between the United States and the European Union also weighed on prices.