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macroJun 22, 2026, 5:45 AM

Oil eases as US and Iran agree 60-day roadmap in Switzerland

Crude oil prices eased after the US and Iran agreed to a 60-day roadmap during talks in Switzerland. Meanwhile, the euro area releases flash consumer confidence data for June, though the survey period may not fully capture the recent oil price decline.

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Crude oil prices softened today following news that the US and Iran have agreed on a 60-day roadmap during negotiations in Switzerland. The deal is seen as a potential step toward easing supply concerns, weighing on oil prices.

Separately, the euro area is set to release its flash consumer confidence reading for June. The survey period covers 1-21 June, meaning the impact of the US-Iran agreement and the subsequent oil price drop may be only partially reflected in the data.

Source: FXStreet Forex News