US Iran peace deal, June 24 -- Oil prices slipped on Wednesday, 24 June, as investors closely monitored developments related to tanker movements and shipping operations through the Strait of Hormuz.

Global benchmark Brent crude futures for August delivery declined 0.45% to $76.73 per barrel after falling 1.1% in the previous session, while US West Texas Intermediate (WTI) crude futures for August fell 0.48% to $72.86 a barrel.

Washington and Tehran have indicated preliminary headway in efforts to end the conflict that erupted in late February, though negotiations are expected to be lengthy and both sides continue to present differing accounts of the discussions. Iran and Oman have also begun working on an agreement governing the adminis...