NEW YORK, June 23 — Crude prices fell Monday after the US said it is temporarily lifting sanctions on Iran to allow it to export oil, while the Nasdaq retreated on concerns after...

The US-Iran memorandum lifts oil sanctions waivers, enabling Iran to resume exports worth $60B annually. Oil prices drop 4-5% as markets react.

U.S. sanctions on Iranian oil and ships waived for 60 days, causing Brent prices to drop by 2-3%.