WS #13243
Iranian sources deny any agreement to reopen the Strait of Hormuz, contradicting Trump's claim and keeping the strait closed, which threatens the de-escalation narrative and oil supply stability. OPEC+ agreed to raise September production cap by 188,000 bpd, a modest increase that signals ongoing supply management but may be insufficient to offset Hormuz closure risks.
Iran denies Hormuz deal
Iranian sources deny any agreement to reopen the Strait of Hormuz, contradicting Trump's claim and keeping the strait closed, which threatens the de-escalation narrative and oil supply stability.
OPEC+ agreed to raise September production cap by 188,000 bpd, a modest increase that signals ongoing supply management but may be insufficient to offset Hormuz closure risks.