WS #13271

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Iran says Oman negotiations on Hormuz are in final stages, but denies any deal on reopening the strait, creating mixed signals for oil prices. OPEC+ agrees to raise output by 188k bpd in September, the sixth consecutive monthly increase, potentially easing oil supply concerns.

US-Iran de-escalation and Hormuz negotiations

Iran says Oman negotiations on Hormuz are in final stages, but denies any deal on reopening the strait, creating mixed signals for oil prices.

OPEC+ agrees to raise output by 188k bpd in September, the sixth consecutive monthly increase, potentially easing oil supply concerns.

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