DAIRYMARKET INSIGHTS

Oil heading toward 70 dollars, but agreement remains fragile

Linda van Eekeres Copy Editor / Market Reporter Food & Packaging at DCA Market Intelligence · Published Jun 30, 2026
Oil heading toward 70 dollars, but agreement remains fragile
Tensions between the US and Iran are rising again, but the oil market is not getting nervous about it. Brent oil continues to fall because of the greater supply now that the Strait of Hormuz is again largely accessible. Read more about the energy market over the past week.

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DCA Market Intelligence is an independent Price Reporting Agency for food and agricultural commodity markets. Through benchmark prices, market data and insights, DCA supports producers, traders, retailers and financial institutions worldwide.