Oil prices fall after OPEC+ decision to raise the production target from August
Oil prices fell on Monday after OPEC+ decided to raise its production target again from August, alongside the gradual recovery of oil exports via the Strait of Hormuz. Brent crude reached $71.88 per barrel, and U.S. crude was traded at $68.58. These prices are close to the levels from the day before the start of the war with the Islamic Republic; when Brent closed at $72.48 and U.S. oil at $67.02. On Sunday, OPEC+…