WS #13241
Trump pauses strikes on Iran as deal parameters agreed, including reopening Strait of Hormuz; oil prices fall below $90 Brent, triggering a relief rally in risk assets. Ukraine confirms drone strikes on Saratov refinery, Engels airbase, and Lyudinivska oil depot, escalating attacks on Russian energy infrastructure. OPEC+ is set to increase September quotas by 188k bpd, but actual exports are constrained by Hormuz disruptions; Iraq-Turkey pipeline deal aims to bypass Hormuz.
US-Iran de-escalation and Hormuz reopening
Trump pauses strikes on Iran as deal parameters agreed, including reopening Strait of Hormuz; oil prices fall below $90 Brent, triggering a relief rally in risk assets.
Ukraine confirms drone strikes on Saratov refinery, Engels airbase, and Lyudinivska oil depot, escalating attacks on Russian energy infrastructure.
OPEC+ is set to increase September quotas by 188k bpd, but actual exports are constrained by Hormuz disruptions; Iraq-Turkey pipeline deal aims to bypass Hormuz.