US and Iran trade attacks on oil tankers

The US and Iran have engaged in a series of attacks on oil tankers in the Strait of Hormuz, escalating tensions in the region and impacting energy flows. On Saturday, the US struck Iranian tankers, while Iran retaliated by targeting US-linked vessels and three oil tankers. OPEC+ maintained its oil production quotas unchanged for October, despite ongoing threats to energy shipments.

Analysts note that the group's influence on prices is limited by the number of barrels that can physically reach the market, shifting focus towards 2027 output baselines.

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