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Business

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

The Hindu

BusinessThe Hindu·Aug 3, 2026·1 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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