Oil prices fell more than 2% amid progress in US-Iran negotiations.

The August contract of WTI crude oil negotiated in New York Mercantile Exchange (Nymex) closed this Monday (22) with a significant drop of 2.62%, quoted at US$ 73.86/barrel. The expiry of the same month for the Brent fell 3.31% in Intercontinental Exchange (ICE), trading at US$77.90/barrel. 

In this trading session, fuel prices were pressured after US Vice President JD Vance stated that the country had made progress in negotiations with Iran for peace in the Persian Gulf. 

According to the authority, despite a "slight threat" from Tehran, the parties remain aligned on reaching an agreement this week. US President Donald Trump stated that Iran will accept inspections of its nuclear processing program to ensure the country is not developing a weapon.

THE United States Office of Foreign Assets Control (OFAC)controlled by Treasury Department The country issued a general license allowing Iran to produce, deliver, and sell crude oil and refined products until August 21, 2026.

This text was translated by machine from Brazilian Portuguese.