Oil falls after OPEC+ agrees to raise output targets

Oil prices dipped Monday after OPEC+ agreed to raise output targets (about 188,000 barrels per day from August) — Brent ~ $71.65, WTI ~ $68.19.
Exports via the Strait of Hormuz are recovering as stranded tankers finally move out, adding more oil on the water and easing tightness.
The UAE has pushed production to near‑record levels (above 3.8 million bpd) and Saudi Arabia cut its Asian selling price, putting further downward pressure on prices.