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Oil falls more than 3% after Iran, US signal progress in talks
Oil falls more than 3% after Iran, US signal progress in talks
International benchmark Brent crude fell to $78.68 as of 7:06 a.m. EDT.
Jack Dutton
Jun 22, 2026
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Oil tankers and cargo vessels remain anchored off Port Sultan Qaboos around Qaboos Port on June 21, 2026, in Muscat, Oman. — Elke Scholiers/Getty Images
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Oil prices fell more than 3.4% on Monday after Iranian negotiators said progress had been made toward a peace deal with the United States, including waivers for crude and petrochemical export.
What happened: International benchmark Brent crude fell to $78.68 as of 7:06 a.m. EDT following........
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