New Delhi, June 26 -- LONDON - Crude oil fell for a fourth consecutive session on Thursday as Brent touched $73 a barrel and West Texas Intermediate slid below $70, completing the erasure of most of the risk premium markets had built over more than three months of fighting between the United States, Israel, and Iran.

The proximate driver is Friday. The United States and Iran reached a formal agreement to end the war, with Pakistani mediators confirming a signing ceremony is scheduled in Switzerland at the end of this week. The accord - negotiated by Vice President JD Vance for Washington and Iranian parliament Speaker Mohammad Bagher Ghalibaf for Tehran - calls for an immediate halt to military operations on all fronts, the reopening of ...