WS #13245
Iran categorically denies any agreement with the US to reopen the Strait of Hormuz, contradicting Trump's claim of a deal, re-escalating geopolitical risk and supporting oil prices. OPEC+ approved a 188,000 bpd increase for September, completing the rollback of voluntary cuts, but actual supply remains constrained by Hormuz disruptions, keeping oil prices elevated.
Iran denies Hormuz deal, escalating oil risk
Iran categorically denies any agreement with the US to reopen the Strait of Hormuz, contradicting Trump's claim of a deal, re-escalating geopolitical risk and supporting oil prices.
OPEC+ approved a 188,000 bpd increase for September, completing the rollback of voluntary cuts, but actual supply remains constrained by Hormuz disruptions, keeping oil prices elevated.