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The Nexus
WORLDJun 21 · 13:00 UTCBLOOMBERGDavid Marino

Oil Glut Bets Are Back in Play as Crude Sinks After US-Iran Deal

Oil market speculation has resumed as crude prices decline following a US-Iran agreement. A crude oil tanker is positioned near the Port of Long Beach amid concerns over a near-closed Strait of Hormuz, leading to fuel shortages and rising consumer costs.

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United StatesplaceIranplaceP. Beverly Hills crude oil tankerorganizationPort of Long BeachplaceStrait of Hormuzplace
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