WS #11447
OPEC+ agrees to raise oil output by 188,000 bpd in August, third consecutive monthly increase, bearish for oil prices. Iran tightens control over Hormuz, IRGC warnings force ships to turn back, UK/France plan military mission, partially offsetting OPEC+ supply increase. Russia says Ukraine rejects local ceasefire; Ukraine strikes Russian oil refineries 194 times since Jan 2026; Trump-Putin call offers to end war.
OPEC+ production increase
OPEC+ agrees to raise oil output by 188,000 bpd in August, third consecutive monthly increase, bearish for oil prices.
Iran tightens control over Hormuz, IRGC warnings force ships to turn back, UK/France plan military mission, partially offsetting OPEC+ supply increase.
Russia says Ukraine rejects local ceasefire; Ukraine strikes Russian oil refineries 194 times since Jan 2026; Trump-Putin call offers to end war.