Brent Crude Falls 2% to $78.52/bbl on June 22; WTI Down 1.86%

According to Bitget market data, Brent crude dropped 2% to $78.52 per barrel on June 22, while WTI crude fell 1.86% to $75.81 per barrel. Sources close to negotiations indicated that the Strait of Hormuz will remain closed unless Lebanon's ceasefire agreement is upheld and Iran's oil sales exemption is approved.
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