WS #13294
Trump announces Iran talks Monday, oil plunges over 6% (Brent to $82.41, WTI to $80.65) on hopes of a deal, but tanker attacks near Oman and Hormuz traffic slowdown keep geopolitical risk elevated. OPEC+ approves 188,000 bpd September increase, completing voluntary cut unwind, but actual supply gains are limited by export disruptions; group may pause further hikes.
US-Iran de-escalation and oil price crash
Trump announces Iran talks Monday, oil plunges over 6% (Brent to $82.41, WTI to $80.65) on hopes of a deal, but tanker attacks near Oman and Hormuz traffic slowdown keep geopolitical risk elevated.
OPEC+ approves 188,000 bpd September increase, completing voluntary cut unwind, but actual supply gains are limited by export disruptions; group may pause further hikes.