OPEC+ keeps a cautious hand on output as Hormuz risks cloud oil market
OPEC+ approved a 188,000-barrel-per-day September adjustment, but constrained Hormuz shipping keeps crude and refined-fuel markets exposed to disruption.
OPEC+ approved a 188,000-barrel-per-day September adjustment, but constrained Hormuz shipping keeps crude and refined-fuel markets exposed to disruption.
Fuel markets are reacting first to renewed Middle East disruption, while freight, groceries, school goods and travel could face slower, uneven cost increases.
Oil flows and benchmark prices have partly recovered, but the IMF and IEA warn that inventories and refined-fuel resilience are thinner.