WS #13250
OPEC+ raises output by 188k bpd for September, sixth consecutive increase, but impact limited by Hormuz closure. Trump halts Iran strikes citing a deal to reopen Hormuz, but Iran denies any agreement, creating market uncertainty. Ukrainian drones strike Russian oil refineries, disrupting supply and supporting oil prices.
OPEC+ Production Increase
OPEC+ raises output by 188k bpd for September, sixth consecutive increase, but impact limited by Hormuz closure.
Trump halts Iran strikes citing a deal to reopen Hormuz, but Iran denies any agreement, creating market uncertainty.
Ukrainian drones strike Russian oil refineries, disrupting supply and supporting oil prices.