WS #13246
Iran categorically denies any agreement to reopen the Strait of Hormuz, contradicting Trump's claim of a breakthrough, keeping oil supply risk elevated. OPEC+ approved a 188,000 bpd production increase for September, completing the reversal of 2023 cuts, but actual supply remains constrained by Hormuz and Russian refinery strikes.
Iran denies Hormuz deal, Trump backtracks
Iran categorically denies any agreement to reopen the Strait of Hormuz, contradicting Trump's claim of a breakthrough, keeping oil supply risk elevated.
OPEC+ approved a 188,000 bpd production increase for September, completing the reversal of 2023 cuts, but actual supply remains constrained by Hormuz and Russian refinery strikes.