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Oil prices fall as investors focus on Hormuz flows after peace talks
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- Oil prices fall as investors focus on Hormuz flows after peace talks By Anushree Mukherjee and Seher Dareen Tue, June 23, 2026 at 5:08 PM GMT+7 2 min read CL=F By Anushree Mukherjee and Seher Dareen
- Brent crude futures were down 43 cents, or around 0.6%, to $77.47 a barrel and U.S.
- Prices fell more than 3% on Monday after the United States granted Iran a 60-day sanctions waiver following initial peace talks, and as officials reported a lull in hostilities in Lebanon under a broader agreement.
Oil prices fall as investors focus on Hormuz flows after peace talks By Anushree Mukherjee and Seher Dareen Tue, June 23, 2026 at 5:08 PM GMT+7 2 min read CL=F By Anushree Mukherjee and Seher Dareen
BENGALURU/LONDON June 23 (Reuters) - Oil prices fell on Tuesday, extending losses from the previous session, on signs of some progress in restoring crude flows through the Strait of Hormuz following U.S.-Iran peace talks.
Brent crude futures were down 43 cents, or around 0.6%, to $77.47 a barrel and U.S. West Texas Intermediate was down 32 cents, or 0.4%, to $73.54 a barrel at 1001 GMT.
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