Economy & Finance
Aug 04, 2026
Oil Prices Sink 5%: Trump-Iran Talks, OPEC+ Boost Production
Oil prices sank 5% as Trump announced fresh Iran talks covering Strait of Hormuz and denuclearisation. OPEC+ (Saudi Arabia, Russia, 5 others) to boost production by 188,000 bpd from September. Yen extended gains after joint intervention.