Tag
OPEC+ agreed to raise output targets by 188,000 barrels per day from August, pushing Brent crude down to $71.78 on Monday. Gulf exports are recovering but remain 40 percent below pre-war levels, with US-Iran diplomacy still the key price driver.
Iran ruled out direct talks with US officials as Foreign Minister Abbas Araghchi arrived in Pakistan, closing off speculation about back-channel diplomacy. Separately, the US said it will not renew oil sanctions waivers for Iran and Russia, tightening pressure on both countries and affecting buyers of discounted crude.
Tag
OPEC+ agreed to raise output targets by 188,000 barrels per day from August, pushing Brent crude down to $71.78 on Monday. Gulf exports are recovering but remain 40 percent below pre-war levels, with US-Iran diplomacy still the key price driver.
1mo ago · 3 min · Markets
Iran ruled out direct talks with US officials as Foreign Minister Abbas Araghchi arrived in Pakistan, closing off speculation about back-channel diplomacy. Separately, the US said it will not renew oil sanctions waivers for Iran and Russia, tightening pressure on both countries and affecting buyers of discounted crude.
3mo ago · 2 min · Global Affairs
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