WS #13283
Trump cancels strikes on Iran, announces talks tomorrow; oil falls >6%, futures rise; but Iran says Hormuz stays closed, negotiations with Oman ongoing. OPEC+ to raise output by 188,000 bpd from September, adding to oil supply and dampening price spikes.
US-Iran de-escalation and oil price drop
Trump cancels strikes on Iran, announces talks tomorrow; oil falls >6%, futures rise; but Iran says Hormuz stays closed, negotiations with Oman ongoing.
OPEC+ to raise output by 188,000 bpd from September, adding to oil supply and dampening price spikes.