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.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/videos/2026-06-30/oil-falls-as-traders-weigh-middle-east-return-video)