WS #13278
Iran denies Trump's claim of a Hormuz reopening deal, keeping the strait closed and oil risk premium elevated. Ukrainian drones killed 8 and struck a Wildberries warehouse and Saratov refinery, adding geopolitical risk to energy markets. OPEC+ approved a 188k bpd increase for September, but analysts say it's largely theoretical due to Hormuz disruptions.
Iran-US Hormuz standoff
Iran denies Trump's claim of a Hormuz reopening deal, keeping the strait closed and oil risk premium elevated.
Ukrainian drones killed 8 and struck a Wildberries warehouse and Saratov refinery, adding geopolitical risk to energy markets.
OPEC+ approved a 188k bpd increase for September, but analysts say it's largely theoretical due to Hormuz disruptions.