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Bloomberg

Oil Steadies as More Supply Flows Through Strait of Hormuz

Thursday, July 2, 2026


Tanker traffic through the Strait of Hormuz increased, with oil prices remaining stable. The rise in shipments added to near-term crude supply moving through the waterway.

Original reporting: https://www.bloomberg.com/news/articles/2026-07-02/latest-oil-market-news-and-analysis-for-july-1

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