Broadcom (AVGO.O) CEO said OpenAI's new chip could cut costs by 50%.

June 24 — Brent crude slipped below $76/bbl, dipping to $75.50/bbl earlier, returning to levels seen before the Iran conflict; U.S. WTI fell to $72.03/bbl, its lowest since March 3. Traders said the decline reflects growing expectations of restored shipping through the Strait of Hormuz and Iranian crude re-entering global markets. Analysts warn that if related sanctions are eased, Iranian production and exports could rise within weeks because large volumes are stored on tankers. Hundreds of tankers and more than 10,000 seafarers were previously stranded in the Gulf; roughly 20% of global oil shipments transit the Strait. A recent U.S.-Iran agreement allowing commercial vessels fee-free transit within 60 days has coincided with a marked increase in maritime traffic this week.

People familiar said Russia has requested 50,000 tonnes of gasoline from Kazakhstan to ease domestic fuel shortages.