WS #13270
Iran officially denies any agreement to reopen the Strait of Hormuz, contradicting Trump's claim of a deal, keeping oil prices elevated and energy markets on edge. Ukrainian drone attacks hit Russian oil refineries and airbases, killing eight, and threatening Russian fuel supplies, adding to global energy supply risks. OPEC+ approved a 188,000 bpd production increase for September, but actual supply is constrained by ongoing conflicts, limiting its market impact.
Iran denies Hormuz deal, oil risk premium persists
Iran officially denies any agreement to reopen the Strait of Hormuz, contradicting Trump's claim of a deal, keeping oil prices elevated and energy markets on edge.
Ukrainian drone attacks hit Russian oil refineries and airbases, killing eight, and threatening Russian fuel supplies, adding to global energy supply risks.
OPEC+ approved a 188,000 bpd production increase for September, but actual supply is constrained by ongoing conflicts, limiting its market impact.