Oil falls as Hormuz tanker traffic resumes (opens in new tab)

Oil prices extended their decline as more vessels transited the Strait of Hormuz after U.S.-Iran talks and an interim arrangement to reopen the waterway. Brent settled at $77.08 a barrel on June 23, down 1.05%, while WTI settled at $73.21, down 0.88%; both benchmarks were near their lowest levels in roughly four months in the cited market data. Bloomberg reported that more tankers were crossing openly with satellite signals switched on, and EnergyConnects reported that Brent was around 40% be...