International crude oil prices decline, U.S. approves partial sale of Iranian-produced crude oil

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BlockBeats News. On June 22, U.S. Treasury Secretary Bessent said that under the leadership of President Trump and the Vice President, we will continue to work to make the world safer and more prosperous. According to ongoing constructive talks in Switzerland, Iran has pledged to ensure the freedom and open access passage of the Strait of Hormuz and to allow International Atomic Energy Agency (IAEA) inspectors to enter its territory. As part of the framework agreement, the U.S. Department of the Treasury has issued a 60-day temporary general license authorizing the production, delivery, and sale of Iranian oil.

WTI crude oil is down 3.00% intraday, trading at $74.93 per barrel; Brent crude oil has fallen back below $78 per barrel, down 2.75% intraday.

CL-5.71%
BZ-5.28%
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