Source: NBC News
“U.S. crude prices fell 2.7% Monday to about $74 per barrel, after Treasury Secretary Scott Bessent announced a 60-day waiver of sanctions on the purchase of Iranian oil. It was the first time crude prices had broken below $75 since early March. International Brent crude prices fell 4% to about $77 per barrel, likewise a new low since the Iran conflict began. Both prices remain above their immediate pre-war prices of $62 and $68 a barrel, respectively. In a statement published on social media Monday, Bessent said Iran had ‘committed to free and open transit in the Strait of Hormuz.'” (06/22/26)
https://www.nbcnews.com/business/energy/oil-prices-hormuz-sanctions-waiver-rcna351144