International Crude Oil Falls as U.S. Approves Limited Iran Oil Sales

BlockBeats News, June 22nd, U.S. Treasury Secretary Yellen stated that under the leadership of U.S. President Trump and Vice President, we continue to be committed to promoting a safer and more prosperous world. As part of the constructive dialogue currently taking place in Switzerland, Iran has committed to ensuring the freedom and open passage of the Strait of Hormuz and allowing IAEA inspectors access to its facilities. As part of the framework agreement, the U.S. Treasury Department has issued a 60-day temporary general license authorizing the production, delivery, and sale of Iranian oil.

WTI crude oil fell by 3.00% intraday, now trading at $74.93 per barrel; Brent crude oil retreated below $78 per barrel, down 2.75% intraday.