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macroJun 23, 2026, 6:52 AM

WTI Slumps Below $73 as US-Iran Peace Talks Continue

West Texas Intermediate crude oil fell below $73 per barrel, reaching its lowest level since early March, as traders monitor ongoing US-Iran peace negotiations.

WTI

West Texas Intermediate (WTI) crude oil extended its decline during early European trading on Tuesday, sliding to around $72.75 per barrel. The drop marks the lowest level since early March.

The sell-off comes as market participants continue to watch developments in US-Iran peace talks, which could potentially lead to increased Iranian oil exports and alleviate supply concerns.

Source: FXStreet Forex News