SMH
·australia
·1 hour ago
Trump has made one of the world’s most important markets a mystery
Oil prices dropped to about $73 a barrel following a U.S.-Iran ceasefire on July 1, 2026. The volume of oil flowing through the Strait of Hormuz has largely returned to normal, yet underlying tensions, including ongoing Iranian control over the strait and elevated shipping costs, threaten future stability in the market.
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Published 01 Jul 2026, 01:56 UTC · Updated 01 Jul 2026, 02:01 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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