Oil prices fell after the U.S. Treasury issued a 60-day general license on June 23 waiving sanctions on Iran's crude and petrochemical production and sales, with reports saying the move allows dollar-denominated oil trade and exports to U.S. buyers. Iran also confirmed that $12 billion in overseas assets would be unfrozen, adding to expectations of easing economic pressure. The development reinforced the market view that additional Iranian supply could reach the market and that immediate disruption risks were receding, helping push WTI crude below $74 a barrel, down 4.22% intraday by June 22, while Brent fell below $77, down 3.91%. Reports also said US Vice President Vance said Iran agreed to allow international nuclear inspectors to return, though Tehran has not publicly acknowledged that step. Separately, on Hyperliquid, a trader opened a 500,000 CL crude oil long position with 10x leverage worth $37.77 million using 4.24 million USDC as margin; the position was later showing a $1.33 million unrealized loss after the exemption-related news.