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Oil prices face downside as Hormuz flows normalize

30 Jun 2026 · 16:01 ISTafter close1 source ↓written by the desknot a recommendation

Oil prices are under pressure as Morgan Stanley cut its forecasts, citing faster normalization of shipping through the Strait of Hormuz. This development may lead to increased supply and lower prices in the near term. Additionally, President Trump's visit to India is unlikely before the US midterms, impacting geopolitical sentiment.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 30 Jun 2026, 16:01 IST.

Sourcesnews.google.com

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Oil prices face downside as Hormuz flows normalize

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