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News 2026-07-02 19:51 UTC

Kuwait Boosts June Oil Production After US-Iran Peace Deal

() -- Kuwait's crude oil production surged to 1.65 million barrels per day in June, up from 580,000 b/d the previous month, as the OPEC member ramps up exports following a US-Iran peace deal, Reuters reported Thursday, citing industry sources. The increase indicates that oil flows through the Gulf are rebounding after