WS #11435
OPEC+ confirms 188,000 bpd quota increase for August, fifth consecutive monthly hike, as Strait of Hormuz exports gradually recover, pressuring oil prices. Iran announces service fees for Strait of Hormuz transit, with special treatment for friendly nations, contradicting Trump's claim of no charges and creating uncertainty for oil supply normalization.
OPEC+ August Output Hike & Hormuz Recovery
OPEC+ confirms 188,000 bpd quota increase for August, fifth consecutive monthly hike, as Strait of Hormuz exports gradually recover, pressuring oil prices.
Iran announces service fees for Strait of Hormuz transit, with special treatment for friendly nations, contradicting Trump's claim of no charges and creating uncertainty for oil supply normalization.