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Iran Hits US in Jordan, Wider War Fears Grow

Iran attacked US forces in Jordan in what Washington called a surprise strike, which was intercepted. The US and Saudi Arabia then launched joint strikes on Iraq, raising fears of a multi-front regional war.

Opec+ Adds 188,000 bpd as Hormuz Reopens

Opec+ agreed to raise output targets by 188,000 bpd from August, continuing a phased rollback of its 2023 supply cuts. Brent crude, already near $72 per barrel, faces further pressure as Strait of Hormuz traffic recovers and Chinese demand stays weak.

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