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.
Oil Prices Drop After US-Iran Talks Conclude in Switzerland
The market calmed following the negotiations in the Alpine nation which saw the reopening of the Strait of Hormuz.
Vessels anchored in Bandar Abbas, Iran, along the Strait of Hormuz, on June 18, 2026. Amir Hossein Khorgooei/ISNA/AFP
