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Oil prices drop as US-Iran talks ease Strait of Hormuz risks, pushing WTI below $69 and Brent near $70.

Market News
02 Jul 2026
FXEmpire
View Source
Bearish
pluang ai news

Oil prices fell sharply due to positive US-Iran talks reducing the risk premium associated with the Strait of Hormuz, a key global oil transit route. WTI crude dropped below $69, signaling bearish pressure with potential to fall further toward $55-$60, while Brent crude tested the $70 level but struggled to rebound above $80. Additional supply concerns arise from OPEC+ plans to increase output, and improved tanker traffic reduces fears of supply disruption. Traders remain cautious, watching for any new tensions that could restore the war premium and influence prices again.

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TomTom and Transit Technologies team up to boost real-time routing for US and Central American transit fleets

TomTom and Transit Technologies team up to boost real-time routing for US and Central American transit fleets

TomTom and Transit Technologies have formed a strategic partnership to integrate TomTom Orbis Maps and Live Traffic data into Transit Technologies’ fleet and logistics software. This integration enhances real-time routing intelligence for transit, pa...

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Mohawk Industries schedules Q2 2026 earnings call for July 31, with CEO succession announced.

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Bitcoin rebounds above $60,000 after Fed signals easing inflation concerns.

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4 hours ago
Forward Industries boosts Solana treasury by 500k SOL, growing SOL per share 36% annually in Q3 2026

Forward Industries boosts Solana treasury by 500k SOL, growing SOL per share 36% annually in Q3 2026

Forward Industries expanded its Solana holdings by purchasing over 500,000 SOL in fiscal Q3 2026, raising its treasury to 7.55 million SOL. This increased the SOL per fully diluted share by 36% annually, despite earlier losses due to price fluctuatio...

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Solana's active addresses hit 4.7M, signaling strong network activity and a potential price breakout above $75.

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Solana's active addresses surged to 4.7 million in the past week, indicating increased user engagement on its network. This rise, combined with growing token accumulation by long-term holders and a favorable Price-to-Sales ratio of around 2, suggests...

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