Brent's monthly drop and a cartel sanctions list close the economic week
Brent fell 21 percent in June, its largest monthly decline since March 2020, and the Treasury sanctioned people and firms linked to a Mexican cartel.
Oil
Oil falls to its lowest since the eve of the war as some Hormuz ships move
Brent dropped to 73.50 dollars a barrel, the Treasury waived Iranian oil sanctions for 60 days, and seafarers remained stranded.
IEA members agree to release 400 million barrels of oil
The International Energy Agency agreed to release 400 million barrels from strategic reserves, its largest release ever, but crude still rose back above $100.
Oil rises above $100 a barrel as the Hormuz crisis deepens
The oil price went above $100 a barrel for the first time in four years because of the Iran war and the Strait of Hormuz crisis.