WS #13269
Iran denies any agreement to reopen the Strait of Hormuz, contradicting Trump's claim of a deal, keeping oil supply risk elevated and supporting high crude prices. OPEC+ approved a 188,000 bpd production increase for September, completing the rollback of voluntary cuts, but actual supply impact is limited due to export disruptions from Iran and Russia.
Iran denies Hormuz deal, oil supply risk persists
Iran denies any agreement to reopen the Strait of Hormuz, contradicting Trump's claim of a deal, keeping oil supply risk elevated and supporting high crude prices.
OPEC+ approved a 188,000 bpd production increase for September, completing the rollback of voluntary cuts, but actual supply impact is limited due to export disruptions from Iran and Russia.