OPEC+ has agreed in principle to increase daily production by 188,000 barrels

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Market news: OPEC+ has agreed in principle to increase daily production by 188,000 barrels and suspend production increases in the fourth quarter.

In another development, Israeli Channel 12 reported, citing diplomatic sources, that Iranian Foreign Minister Araghchi had agreed to a solution jointly proposed by Qatar and the United States aimed at reopening the Strait of Hormuz. This prompted Trump to cancel plans to launch an attack on Iran.