Oil prices nosedived this week as Brent and WTI dropped sharply, fueled by Trump’s Iran talks easing supply fears—and OPEC+’s surprise production hike of 188K barrels/day. Analysts saw it coming, but the real drama? Whether member nations can actually ramp up output amid capacity limits and ongoing geopolitical chaos. With next year’s quotas looming, markets brace for a tense new chapter in global oil diplomacy.
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