For the 4th consecutive month, OPEC+ countries have accelerated their oil production increase plan to penalize members exceeding quotas and regain market share.
Following the US president's announcement of a ceasefire agreement between Israel and Iran, global gold prices fell by over 30 USD, while Brent crude oil dropped below 70 USD.
Iran has been forced to change its oil sales methods and shut down part of a gas field due to attacks, adding to the economic pressures the country has faced for years.
