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macroJun 23, 2026, 1:23 AM

WTI remains vulnerable near $74 as US lifts Iran sanctions

WTI crude oil consolidates around $74 per barrel amid reports that the US is lifting sanctions on Iran, which could increase global supply.

WTI

West Texas Intermediate (WTI) crude oil is hovering near the $74 mark during the Asian session, showing signs of vulnerability after the previous day's decline.

The price action follows reports that the United States has lifted sanctions on Iran, coupled with encouraging talks. The move is expected to boost Iranian oil exports, adding to global supply and pressuring prices.

Traders are now watching for further developments in US-Iran relations and any additional supply-side shifts that could push WTI lower.

Source: FXStreet Forex News