business

US Crude Grades Shed Iran War Premium as Energy Crisis Eases

Bloomberg Markets · Jul 1, 2026, 5:59 PM · Also reported by 1 other source

Key US oil grades have slumped to trade at a discount again as a gush of crude flows through the Strait of Hormuz and a recent spike in demand for American exports fades.

Read full story on Bloomberg Markets → More top stories

Also covered by

Al Jazeera How war on Iran changed the global energy sector forever

Aggregated and edited by the Scoop newsroom. We surface news from Bloomberg Markets alongside other reporting so you can compare coverage in one place. Editorial policy · Corrections · About Scoop

US Crude Grades Shed Iran War Premium as Energy Crisis Eases

Also covered by

More in business