The Hindu

Oil prices tumble as Trump cancels attack on Iran to reach nuclear deal

Oil prices tumble as Trump cancels attack on Iran to reach nuclear dealWorldPing

On Sunday, August 2, OPEC+ approved an oil production quota increase of around 188,000 barrels ⁠per day from September, the producer group said, in a move that ⁠completes the unwinding of a layer of voluntary output cuts.

This is a short WorldPing brief. The full report was published by The Hindu.

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CNBC World

Oil prices tumble after Trump calls off attack on Iran

Oil prices fell on Monday as investors pared geopolitical risk premiums after U.S. President Donald Trump said he had called off a planned strike on Iran.

Brief by WorldPing · Original reporting by CNBC World