International oil prices have plummeted! Trump halts strikes against Iran and initiates negotiations. OPEC+ announces production increase, adding fuel to the fire.

According to Zhito Finance APP, during the early Asian trading session on Monday, international oil prices plummeted sharply. This followed U.S. President Trumps announcement to cancel large-scale military strikes against Iran, stating that negotiations aimed at reopening the Strait of Hormuz would soon resume. Meanwhile, OPEC+ approved a slight increase in production starting in September by approximately 188,000 barrels per day, officially completing a gradual rollback of voluntary production cuts that began last year. Amid dual expectations of easing geopolitical tensions and a normalization of supply, market panic has suddenly cooled.