WS #13287
Trump announces US-Iran negotiations begin Monday, claiming a Hormuz deal, while Iran denies final agreement; oil prices plunge 5-8% on de-escalation hopes. Israeli airstrikes kill 18 in Gaza, and Iran denies any finalized deal, casting doubt on the de-escalation narrative and limiting the oil price decline. OPEC+ agrees to raise oil production cap by 188,000 bpd in September, the sixth consecutive monthly increase, adding downward pressure on oil prices.
US-Iran de-escalation and oil price collapse
Trump announces US-Iran negotiations begin Monday, claiming a Hormuz deal, while Iran denies final agreement; oil prices plunge 5-8% on de-escalation hopes.
Israeli airstrikes kill 18 in Gaza, and Iran denies any finalized deal, casting doubt on the de-escalation narrative and limiting the oil price decline.
OPEC+ agrees to raise oil production cap by 188,000 bpd in September, the sixth consecutive monthly increase, adding downward pressure on oil prices.