WS #13248
Trump cancels Iran strikes citing a deal to reopen Hormuz, but Iran denies any agreement, keeping the strait closed and oil markets volatile. OPEC+ approves 188k bpd output increase for September, completing unwinding of 2023 cuts, but impact limited by Hormuz constraints.
US-Iran de-escalation and Hormuz uncertainty
Trump cancels Iran strikes citing a deal to reopen Hormuz, but Iran denies any agreement, keeping the strait closed and oil markets volatile.
OPEC+ approves 188k bpd output increase for September, completing unwinding of 2023 cuts, but impact limited by Hormuz constraints.