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Multi-asset chart of the week

Multi Asset chart of the week

01 July 2026 Multi-asset
Week to 03 July 2026

The oil futures curve has reset significantly lower than the Iran highs

Stephanie Chan, CFA, Portfolio Manager, said: “Since the Iran ceasefire and reopening of the Strait of Hormuz, oil prices have fallen back close to pre-war levels. Tanker traffic is still only about 25% of previous peaks, but supply is gradually normalising. Markets now expect oil prices to stabilise around $73 per barrel – well below May highs – easing pressure on global inflation.”

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Source: Insight Investment, Bloomberg as at 30 June 2026.

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