WS #11436
OPEC+ confirms 188,000 bpd quota increase for August, adding to global supply as Hormuz gradually reopens, pressuring oil prices already at pre-war levels. Iran's new supreme leader absent from father's funeral, fueling speculation about his health and regime stability, but no immediate market impact.
OPEC+ August Output Hike
OPEC+ confirms 188,000 bpd quota increase for August, adding to global supply as Hormuz gradually reopens, pressuring oil prices already at pre-war levels.
Iran's new supreme leader absent from father's funeral, fueling speculation about his health and regime stability, but no immediate market impact.