WS #11429
Iran confirms service fees for Strait of Hormuz transit, promising special treatment for allies, while ships continue to face disruption with at least eight vessels forced to U-turn. OPEC+ expected to raise production quotas by 188,000 bpd for August as Gulf output recovers from war disruptions, potentially offsetting supply concerns. Massive crowds in Tehran for Khamenei funeral, with chants of 'Death to America' and calls for revenge, but no new market-moving developments. Trump held 90-minute calls with Putin and Zelenskyy, offering to help end the Ukraine war, with Zelenskyy seeing 'real prospect' for peace ahead of NATO summit.
Strait of Hormuz fee escalation
Iran confirms service fees for Strait of Hormuz transit, promising special treatment for allies, while ships continue to face disruption with at least eight vessels forced to U-turn.
OPEC+ expected to raise production quotas by 188,000 bpd for August as Gulf output recovers from war disruptions, potentially offsetting supply concerns.
Massive crowds in Tehran for Khamenei funeral, with chants of 'Death to America' and calls for revenge, but no new market-moving developments.
Trump held 90-minute calls with Putin and Zelenskyy, offering to help end the Ukraine war, with Zelenskyy seeing 'real prospect' for peace ahead of NATO summit.