Oil prices in early trading in Asian markets on Monday, Mehr 27, fell after a decision by Donald Trump, the president of the United States, to suspend the implementation of sanctions and new tariffs against Russia.

Based on data from the Oilprice website, the price of Brent crude fell by $1.27, or 1.16%, to reach $108.59 per barrel.

The price of West Texas Intermediate (WTI) crude oil in the United States also fell by 49 cents, or 0.48%, to $100.92 per barrel.

On Friday, Mehr 24, Trump suspended the sanctions, restrictions, and tariffs that were expected to be imposed against Russia under the Russian and Iran Sanctions law, known as the Graham Law.