WTI crude fell to $71.83 on June 24, the first sub-$72 price since March 3, after a US-Iran deal reopened the Strait of Hormuz. Here is what it means for

Treasury Secretary Scott Bessent issued a 60-day sanctions waiver for Iranian oil purchases.

June 23 : Oil prices inched down on Tuesday, extending losses from the previous session, as investors looked for clearer signs of progress in restoring crude flows through the…