Crude oil continues to decline, with WTI crude oil falling by 4.22% intraday and Brent crude falling by 3.91% intraday.

BlockBeats News, June 22, according to Bitget market data, WTI crude oil fell below $74 per barrel, down 4.22% intraday; Brent crude oil fell below $77 per barrel, down 3.91% intraday.

On the news front, according to constructive talks underway in Switzerland, Iran has pledged to ensure the freedom and open passage of the Strait of Hormuz and allow International Atomic Energy Agency inspectors into its territory. As part of the framework agreement, the U.S. Treasury Department has issued a 60-day temporary general license authorizing the production, delivery, and sale of Iranian oil.