WS #13271
Iran says Oman negotiations on Hormuz are in final stages, but denies any deal on reopening the strait, creating mixed signals for oil prices. OPEC+ agrees to raise output by 188k bpd in September, the sixth consecutive monthly increase, potentially easing oil supply concerns.
US-Iran de-escalation and Hormuz negotiations
Iran says Oman negotiations on Hormuz are in final stages, but denies any deal on reopening the strait, creating mixed signals for oil prices.
OPEC+ agrees to raise output by 188k bpd in September, the sixth consecutive monthly increase, potentially easing oil supply concerns.