Oil is set for the biggest quarterly decline since the pandemic and Morgan Stanley is warning of a potential glut ahead as flows through the Strait of Hormuz accelerated following progress on a peace deal between the US and Iran. Alaric Nightengale reports on Bloomberg Television.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/videos/2026-06-30/oil-headed-for-largest-quarterly-price-drop-since-2020-video)