WS #11439
OPEC+ confirms 188,000 bpd production increase for August; Gulf exports rebound sharply in June with UAE record; Brent crude falls to ~$72/bbl, erasing war premium. Iran announces plans to charge service fees for ships transiting the Strait of Hormuz, potentially reintroducing friction in oil shipping lanes.
Oil supply normalization continues
OPEC+ confirms 188,000 bpd production increase for August; Gulf exports rebound sharply in June with UAE record; Brent crude falls to ~$72/bbl, erasing war premium.
Iran announces plans to charge service fees for ships transiting the Strait of Hormuz, potentially reintroducing friction in oil shipping lanes.