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Oil Falls as Traders Weigh Middle East Return, Supply Glut Risks

Oil Falls as Traders Weigh Middle East Return, Supply Glut Risks
Bloomberg Markets Tuesday 30 June 2026, 18:39 UTC 1 min read
Key Points

Jun 30th, 2026 Oil Falls as Traders Weigh Middle East Return, Supply Glut Risks Oil declined, with shipping traffic through the Strait of Hormuz picking up on hopes for a permanent US-Iran deal and a Wall Street bank issuing fresh warnings about a potential glut. Michelle Brouhard Head of Policy and Geopolitical Risk at Kpler joins to discuss.

Jun 30th, 2026 Oil Falls as Traders Weigh Middle East Return, Supply Glut Risks Oil declined, with shipping traffic through the Strait of Hormuz picking up on hopes for a permanent US-Iran deal and a Wall Street bank issuing fresh warnings about a potential glut. Michelle Brouhard Head of Policy and Geopolitical Risk at Kpler joins to discuss.
Oil Falls (PERSON) Weigh Middle East Return (LOCATION) Supply Glut Risks Jun 30th (ORG) Supply Glut Risks Oil (ORG) the Strait of Hormuz (LOCATION) US (LOCATION) Iran (LOCATION) Michelle Brouhard (PERSON) Kpler (PERSON)
Originally published by Bloomberg Markets Read original →

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