OPEC+ poised to lift output by 188,000 bpd in August, edging toward pre‑war levels
OPEC+ has a preliminary agreement to raise quotas by 188,000 barrels per day in August, the first step toward undoing the output cuts imposed during the war. The increase, roughly 1% of global demand, comes after a tentative US‑Iran peace pact reopened the Strait of Hormuz and could reshape Asian oil markets.