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The Business Standard

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June 24, 2026

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WEDNESDAY, JUNE 24, 2026

Brent crude

Brent crude

A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. Photo: REUTERS/Benoit Tessier/File Photo

Oil inches down as investors focus on Hormuz flows after peace talks

Brent crude futures fell 20 cents, or 0.3%, to $77.70 a barrel and US West Texas Intermediate declined to $73.74 a barrel, down 12 cents, or 0.2%, as of 0323 GMT

Secret Service police members walk down the stairs at Buergenstock Resort Lake Lucerne on the day of talks between the US, Iran, Pakistan, and Qatar at the Lake Lucerne Summit, aimed at advancing a deal to end the Middle East conflict, near Stansstad, Switzerland, June 21, 2026. Photo: REUTERS/Nathan Howard/Pool

Oil slips after US-Iran conclude talks in Switzerland

Ships and boats in the Strait of Hormuz, Musandam, Oman, on 22 April 2026. Photo: REUTERS/Stringer/File

Oil down 2% after US, Iran sign ceasefire agreement

Cargo ships in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the US-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. Photo: File/Reuters

Oil slips 4% as US, Iran reach peace deal to reopen Strait of Hormuz

File Photo: Reuters

Oil rises more than $1 as escalation in US-Iran strikes unnerve traders

The US naval blockade of the Strait of Hormuz has been running for over a month. Photo: Deutsche Welle/US Navy/Planet Pix/ZUMA/picture alliance

Oil climbs as US-Iran tensions flare again while stockpiles tighten

FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries (OPEC) sits outside its headquarters ahead of the OPEC and NON-OPEC meeting, Austria December 6, 2019. REUTERS/Leonhard Foeger

OPEC+ approves fourth oil output quota hike since Hormuz closure

Representational image

Oil prices climb more than $4 after Israeli strikes on Iran and Lebanon

The logo of the Organization of the Petroleum Exporting Countries (OPEC) is seen inside its headquarters in Vienna, Austria, 7 December, 2018. Photo: Reuters

OPEC+ set for fourth oil quota hike since Hormuz closure: Sources

Tankers sail in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the U.S.-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. REUTERS

Global oil inventories depleted, next price spike could roil economies, markets

A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. Photo: REUTERS/Benoit Tessier/File Photo

Oil slips 6% as US, Iran seen moving closer to peace deal

People bathe on a beach next to the El Palito refinery of the Venezuelan state oil company PDVSA, in Puerto Cabello, Venezuela February 10, 2024. Photo: REUTERS/Leonardo Fernandez Viloria

Can Venezuelan oil save India amid the Hormuz energy crisis?

US President Donald Trump returns to the White House, after Israel and the U.S. launched strikes on Iran, in Washington, DC, US, March 1, 2026. Photo: Reuters

Trump says oil taken from Venezuela paid for Iran war '25 times over'

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