{"id":17411,"date":"2026-06-30T14:39:00","date_gmt":"2026-06-30T14:39:00","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=17411"},"modified":"2026-06-30T14:39:00","modified_gmt":"2026-06-30T14:39:00","slug":"global-crude-oil-prices-today-june-30-2026-brent-crude-rises-to-73-30","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/17411\/","title":{"rendered":"Global Crude Oil Prices Today (June 30, 2026) \/ Brent Crude Rises to $73.30"},"content":{"rendered":"

RoydadNaft –<\/a><\/span>Brent crude futures climbed 0.21 percent (15 cents) to $73.30 per barrel. U.S. West Texas Intermediate (WTI) crude futures rose 0.51 percent (36 cents) to $71.11.\u00a0<\/span><\/p>\n

Roydad Naft reports that oil prices on Tuesday were on track for their biggest quarterly loss since the early days of the COVID-19 pandemic in 2020, as investors watched for possible U.S.-Iran talks in Doha amid a fragile temporary ceasefire in the four-month war.<\/p>\n

August Brent crude futures (set to expire today) gained 0.21 percent, or 15 cents, to $73.30 per barrel at 13:02 GMT. However, the contract is heading for a third straight monthly decline, down roughly 20 percent so far in June.<\/p>\n

The more active September contract rose 0.61 percent, or 45 cents, to $74.36 per barrel.<\/p>\n

U.S. WTI crude for August delivery increased 0.51 percent, or 36 cents, to $71.11 per barrel. Even so, it is on course for a second consecutive monthly drop, down about 19 percent in June.\u00a0<\/span><\/p>\n

Brent has fallen around 38 percent this quarter, while WTI is down roughly 30 percent. Both benchmarks are trading near levels seen just before the U.S.-Israel conflict with Iran began.<\/p>\n

Giovanni Staunovo, analyst at UBS, said: \u201cIt can\u2019t be said that the market has fully priced in the risk premium, but previously stalled tankers have become available with increased shipping movements from the Persian Gulf, creating a temporary wave of new supply.\u201d<\/p>\n

Morgan Stanley now models a global oil supply surplus of 4.8 million barrels per day for 2027.<\/p>\n

Senior U.S. envoys who have arrived in Doha will not hold high-level talks with Iran, a Qatari official said on Tuesday \u2014 casting doubt on efforts to secure a permanent end to the war with Iran and the full reopening of the Strait of Hormuz.<\/p>\n

Majid al-Ansari, spokesperson for Qatar\u2019s Foreign Ministry, told a news conference that technical negotiations on issues including regional security would take place this week instead, and could later be elevated to a senior level.<\/p>\n

This uncertainty over whether the two sides will actually meet has highlighted the fragility of the June 17 agreement for a temporary halt in hostilities \u2014 a deal that has disrupted global oil flows through the Strait of Hormuz and created a political challenge for U.S. President Donald Trump ahead of the November congressional elections.<\/p>\n

For the first time since the war with Iran began, analysts have cut their 2026 oil price forecasts after five straight months of increases. A Reuters poll on Tuesday showed that the reopening of the Strait of Hormuz has eased concerns about prolonged supply disruptions.<\/p>\n

Meanwhile, Iraq\u2019s SOMO has offered wide discounts to its official selling prices in an effort to encourage long-term buyers to lift Basrah crude from its Persian Gulf terminal in July, according to trading sources and documents reviewed by Reuters.<\/p>\n

Updated on