The price of Brent oil fell today by more than 3%, trading below $78, after the US Treasury Department authorized for 60 days the sale of oil produced by Iran.
© Lusa
22/06/2026
by
Lusa
Pthey were 15:00 (Lisbon time), Brent, with a fall of 3.50%, stood at 77.75 dollars per barrel.
Last Thursday, the 18th, Brent was already at the close of the market at $77.58 a barrel in anticipation of the definitive reopening of the Strait of Ormuz, scheduled for the next day.
Since the beginning of the year, Brent oil, a reference in Europe, has managed to reduce its rise to 27.89%.
The U.S. Treasury Department today issued a general license authorising for 60 days the sale of oil produced by Iran following progress in the “productive” peace talks in Switzerland and Tehran’s commitment to securing traffic through the Ormuz Strait.
The Iranian delegation today left Switzerland to Tehran, following an intense day of negotiations with the United States on Sunday, while the technical teams from both countries will continue throughout the week talks on the mechanisms for implementing the Memorandum of Understanding.
On the same line, the West Texas Intermediate (WTI), a U.S. reference index, also recorded a fall of 3.75%, to $73.69 per barrel.
All year round, the WTI is rising by 28.32%.