Vessels anchored in Bandar Abbas, Iran, along the Strait of Hormuz, on June 18, 2026. Amir Hossein Khorgooei/ISNA/AFP
Oil prices dropped on June 22 in the wake of talks between the United States and Iran in Switzerland the day before.
Brent crude was trading at around $78.40 a barrel at 9:30 am GMT, after prices climbed to $81.75 per barrel at the start of trading.
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