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Brent crude falls below $80 after Iran secures export waivers
Key takeaways
- Brent crude falls below $80 after Iran secures export waivers Global oil prices slipped on reported US-Iran diplomatic progress · Offshore Technology · noomcpk/Shutterstock.com.
- The statements from Tehran eased fears of supply shortages in global energy markets.
- Brent crude was trading at $79.96 a barrel (bbl) by 08:15 GMT, down $0.61, according to figures reported by Reuters.
Brent crude falls below $80 after Iran secures export waivers Global oil prices slipped on reported US-Iran diplomatic progress · Offshore Technology · noomcpk/Shutterstock.com. BV Swagath Mon, June 22, 2026 at 5:54 PM GMT+7 3 min read CL=F International oil prices fell on Monday 22 June following the conclusion of talks between the US and Iran in Switzerland, where Iranian officials said they had obtained waivers for oil and petrochemical exports.
The statements from Tehran eased fears of supply shortages in global energy markets.
Brent crude was trading at $79.96 a barrel (bbl) by 08:15 GMT, down $0.61, according to figures reported by Reuters.
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