Oil falls below $75 for the first time since March as Hormuz traffic begins to recover

Jun 22, 2026 - 19:15
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Oil falls below $75 for the first time since March as Hormuz traffic begins to recover
U.S. crude prices fell 2.7% to about $74 a gallon, after Treasury Secretary Scott Bessent announced a 60-day sanctions waiver on Iranian oil sales.

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