June 23 : Oil prices fell more than 1 per cent on Tuesday, extending losses from the previous session, on signs of some progress in restoring crude flows through the Strait of Hormuz following U.S.-Iran peace talks. Brent crude futures fell $1.09, or 1.4 per cent, to $76.81 a barrel and U.S. West Texas Intermediate declined to $72.99 a barrel, down 87 cents, or 1.2 per cent, as of 0607 GMT. Prices fell more than 3 per cent on Monday after the United States granted Iran a 60-day sanctions waiver