U.S.-Iran Military Tensions Resurge Over Weekend, Oil Holds at $70 Amid Ceasefire Concerns

According to QCP's latest report, the U.S. and Iran experienced renewed military friction over the weekend (June 28-29), with both sides accusing each other of breaching a 60-day ceasefire agreement following their recent memorandum of understanding. Crude oil prices remained near $70 per barrel, suggesting the market retains cautious expectations over conflict resolution, though supply disruptions could push prices higher.
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