WS #13249
OPEC+ approves 188,000 bpd output increase for September, completing unwinding of 2023 cuts, but impact limited while Hormuz constrained. Trump cancels strikes citing deal parameters, but Iran denies any agreement; Strait of Hormuz remains closed, creating oil supply uncertainty.
OPEC+ Production Increase
OPEC+ approves 188,000 bpd output increase for September, completing unwinding of 2023 cuts, but impact limited while Hormuz constrained.
Trump cancels strikes citing deal parameters, but Iran denies any agreement; Strait of Hormuz remains closed, creating oil supply uncertainty.