The OPEC+ group sells more oil. The amount increases in August. They add 188.000 barrels every day. A barrel is a container for oil.
Oil prices are falling now. They are as low as before the war. Still, the group produces more oil. There were problems with transport before.
A sea route was closed. It is the Strait of Hormuz. Ships could not sail there. The war between the USA, Israel and Iran caused this.
Big oil countries could not sell oil. This includes Saudi Arabia and Iraq. The routes are open again now. The USA helps with the export.
China buys less oil right now. Other countries sell much oil too. Many countries use their oil stocks. This lowers the price.
