WS #11324
OPEC+ production jumped 2.34M bpd in June to 18.75M bpd as Gulf states restored exports via Hormuz; Brent crude fell below $70 for first time since pre-war; Citigroup forecasts $60/barrel by year-end. US Senate voted to halt Iran war; acting DNI fired over 30 intel officials; Iran reportedly preparing preemptive strike on Israel; Lebanon-Israel framework agreement signed.
Oil glut deepens as Gulf exports surge
OPEC+ production jumped 2.34M bpd in June to 18.75M bpd as Gulf states restored exports via Hormuz; Brent crude fell below $70 for first time since pre-war; Citigroup forecasts $60/barrel by year-end.
US Senate voted to halt Iran war; acting DNI fired over 30 intel officials; Iran reportedly preparing preemptive strike on Israel; Lebanon-Israel framework agreement signed.