OPEC+ just approved a modest but strategic boost of 188,000 barrels a day in oil production—setting the stage for bigger moves as Middle East flows stabilize. With gas and diesel prices climbing amid regional tensions, this tweak could give Saudi Arabia and allies room to scale up output once things calm down. Meanwhile, Trump’s pause on U.S. strikes against Iran hints at possible diplomatic progress, potentially reshaping global supply dynamics. The UAE’s recent exit adds uncertainty, raising fears of future market battles—and with talks looming for September, all eyes are on whether OPEC+ can balance supply without triggering another surplus.
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