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Bloomberg

Oil Extends Decline as Barrels Flow Through Strait of Hormuz

Wednesday, July 1, 2026


Oil prices fell for the third consecutive day. Flows through the Strait of Hormuz increased. Indirect talks between the US and Iran showed signs of progress, according to reports.

Original reporting: https://www.bloomberg.com/news/articles/2026-07-01/latest-oil-market-news-and-analysis-for-july-2

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