BUSINESSJul 4 · 12:31 UTCBLOOMBERGAlex Longley, Yongchang Chin, Grant Smith, Jack Farchy

Oil’s Stunning Reversal Rekindles Fears of a Global Glut

Brent oil erased its wartime gains as increased flows through the Strait of Hormuz followed progress on a US-Iran peace deal. The development has rekindled concerns about a global oil glut.

Nexus surfaces and summarizes. The full story lives at the source.

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Brent OiltopicStrait of HormuzplaceU.S.-Iran peace dealtopicUlsanplaceSouth Koreaplace

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