Financial Mirror22 Jun 2026

WTI retreats on US-Iran progress

West Texas Intermediate declined sharply on Monday and traded around $74.50, down 2.54% on the day. The US crude oil gave up earlier gains after testing highs near $78.00, as investors rapidly unwind the geopolitical risk premium that had supported prices in recent weeks.

Selling pressure intensifies following several encouraging developments regarding talks between Washington and Tehran....

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