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

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.

· 8/3/2026, 1:22:45 AM· 2 min read
Oil prices tumble as Trump cancels attack on Iran to reach nuclear deal
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.
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