WS #13258
Trump halts strikes citing deal framework, but Iran denies any agreement to reopen Hormuz, keeping oil supply risk elevated. Ukrainian drones hit major Russian refineries and airfields, escalating conflict and tightening refined fuel supply. OPEC+ raises September quotas by 188k bpd, but actual supply remains constrained by Hormuz closure and Russian refinery strikes.
US-Iran/Hormuz standoff contradictory signals
Trump halts strikes citing deal framework, but Iran denies any agreement to reopen Hormuz, keeping oil supply risk elevated.
Ukrainian drones hit major Russian refineries and airfields, escalating conflict and tightening refined fuel supply.
OPEC+ raises September quotas by 188k bpd, but actual supply remains constrained by Hormuz closure and Russian refinery strikes.