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OPEC+ agrees fresh August oil output hike as Strait of Hormuz reopens

OPEC+ approves further oil output increase as Hormuz exports start to recover

OPEC+ agrees to 188,000 bpd output increase for August as Strait of Hormuz reopens

OPEC+ has agreed to increase oil output targets by 188,000 barrels per day from August, continuing a series of quota hikes that began in Apr