WS #13286
Trump announces US-Iran negotiations begin Monday with a Hormuz deal agreed, Iran confirms Oman talks in final stages, and oil prices crash 6-8% with US futures rising. OPEC+ raises September production cap by 188,000 bpd, adding to oil supply and reinforcing the price decline. Israeli airstrikes in Gaza kill 18, contradicting the reported breakthrough and adding geopolitical risk.
US-Iran de-escalation and oil price crash
Trump announces US-Iran negotiations begin Monday with a Hormuz deal agreed, Iran confirms Oman talks in final stages, and oil prices crash 6-8% with US futures rising.
OPEC+ raises September production cap by 188,000 bpd, adding to oil supply and reinforcing the price decline.
Israeli airstrikes in Gaza kill 18, contradicting the reported breakthrough and adding geopolitical risk.