{
  "id": 73246,
  "title": "Oil prices lower on Middle East hopes and as OPEC+ boosts production",
  "url": "https://urgent.news/2026/08/03/oil-prices-lower-on-middle-east-hopes-and-as-opec-boosts-production-73246",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-03T05:50:51.000Z",
  "source": {
    "name": "Euronews Business",
    "slug": "euronews-business",
    "url": "http://www.euronews.com/business/2026/08/03/oil-prices-lower-on-middle-east-hopes-and-as-opec-boosts-production"
  },
  "original_language": "en",
  "account": null,
  "summary": "Oil prices fell on Monday morning. According to Euronews Business, this was after OPEC+ increased production for September and US President Donald Trump called off a planned strike on Iran. Channel News Asia reported that Trump also announced fresh talks with Iran would begin later that day, covering the Strait of Hormuz and the denuclearisation of Iran.\n\nThe talks were set to start after Trump had previously threatened to attack Iran, including its energy infrastructure. He pulled back from this threat on Saturday, saying the \"perimeters\" of a deal were in place.\n\nWest Texas Intermediate crude oil was trading around $79.30 per barrel on Monday, nearly 7% down, according to FXStreet.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Middle East War updates: Trump holds off Iran strikes on pledge Hormuz deal is close",
        "url": "https://urgent.news/2026/08/02/middle-east-war-updates-trump-holds-off-iran-strikes-on-pledge-hormuz",
        "published": "2026-08-02T22:37:57.000Z"
      },
      {
        "outlet": "Middle East Eye",
        "title": "Iranian official says they are close to reaching Hormuz deal with Oman",
        "url": "https://urgent.news/2026/08/03/iranian-official-says-they-are-close-to-reaching-hormuz-deal-with-oman",
        "published": "2026-08-03T05:28:53.000Z"
      },
      {
        "outlet": "Euronews",
        "title": "Oil prices lower on Middle East hopes and as OPEC+ boosts production",
        "url": "https://urgent.news/2026/08/03/oil-prices-lower-on-middle-east-hopes-and-as-opec-boosts-production",
        "published": "2026-08-03T05:50:51.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}