Crude Slips as Hormuz Traffic Eases and OPEC+ Greenlights August Output Hike

Tanker flows through the Strait of Hormuz have improved, draining a geopolitical risk premium, while OPEC+'s approved production increase for August adds fresh supply concerns to an already softening market.

ndtv-profit-business · 7/6/2026, 2:32:45 AM · Ask about this →