WS #11446
OPEC+ approved a 188,000 bpd production quota increase for August, the third consecutive monthly hike, as Strait of Hormuz gradually reopens. Trump spoke with Putin for 90 minutes, offering to help end the Ukraine war; Kremlin described the call as constructive. Iran's IRGC warned ships, forcing at least 8 to turn back, as Tehran seeks to tighten control over the Strait of Hormuz amid Khamenei's funeral.
OPEC+ Production Increase
OPEC+ approved a 188,000 bpd production quota increase for August, the third consecutive monthly hike, as Strait of Hormuz gradually reopens.
Trump spoke with Putin for 90 minutes, offering to help end the Ukraine war; Kremlin described the call as constructive.
Iran's IRGC warned ships, forcing at least 8 to turn back, as Tehran seeks to tighten control over the Strait of Hormuz amid Khamenei's funeral.