Oil Drops as Mideast Crude Hits 98% of Pre-War Flows; Man City Guilty Over $1.2B
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Oil prices fall as Middle East crude flows recover toward pre-war levels. JPMorgan says regional crude flows have reached 98% of pre-war levels, while Saudi Arabia’s East-West pipeline returns to half capacity and Hormuz flows approach late-June highs. Qatar seeks common ground between the US and Iran, while Iran’s Abbas Araghchi strongly denies flexibility on the nuclear issue. Asian stocks rise, led by technology, while the US 30-year Treasury yield climbs to its highest since 2002. Japan’s Nikkei rebounds ahead of Micron results, Japanese two-year bond demand strengthens and the yen outperforms G-10 peers. China’s economic activity rebounds as stimulus improves the outlook, even as hardware and mortgage-related stocks head for their worst quarter. President Donald Trump rejects the need for new AI safety laws and describes a new AI accord as morally binding. OpenAI unveils its always-on AI agent, Dots, while Sam Altman discusses AI safety and says an IPO would be ill-advised in a Bl
Tags: Abeer Abu Omar, Africa, Alex Dooler, Aniseh Bassiri Tabrizi, Anthropic PBC, Bloomberg, Bloomberg News, Bloomberg TV, Bloomberg Television, Brent Crude, China, Crude Oil, Dangote Group, Donald Trump, Economy, Iran, Israel, Manchester City, Middle East, Mideast
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