WS #13247
Iran denies any agreement to reopen the Strait of Hormuz, contradicting Trump's claim of a breakthrough, keeping oil supply risk elevated and supporting higher crude prices. OPEC+ approved a 188,000 bpd production increase for September, but actual supply remains constrained by Hormuz disruptions and Russian refinery strikes, limiting bearish impact on oil.
Iran denies Hormuz deal, escalating oil risk
Iran denies any agreement to reopen the Strait of Hormuz, contradicting Trump's claim of a breakthrough, keeping oil supply risk elevated and supporting higher crude prices.
OPEC+ approved a 188,000 bpd production increase for September, but actual supply remains constrained by Hormuz disruptions and Russian refinery strikes, limiting bearish impact on oil.