WS #11465
7 OPEC+ countries agreed to expand monthly oil production by 188,000 bpd for August, as oil prices hover near pre-conflict levels, reinforcing the de-escalation narrative. Houthis attacked a cargo vessel 30NM southwest of Al Hudaydah, the first strike on the Bab el-Mandeb Strait since the war began, introducing new geopolitical risk to shipping lanes.
OPEC+ Output Increase Confirmed
7 OPEC+ countries agreed to expand monthly oil production by 188,000 bpd for August, as oil prices hover near pre-conflict levels, reinforcing the de-escalation narrative.
Houthis attacked a cargo vessel 30NM southwest of Al Hudaydah, the first strike on the Bab el-Mandeb Strait since the war began, introducing new geopolitical risk to shipping lanes.