Ayatollah Ali Khamenei Funeral : OPEC+ to raise oil output again as prices retreat after Iran war spike
A handful of countries in the OPEC+ oil-producing alliance plan to increase their outputs modestly next month, which would bring more oil online after fuel prices have fallen to levels not seen since before the US and Israel’s war with Iran.
The Organization of the Petroleum Exporting Countries and its allies – collectively known as OPEC+ – announced on Sunday that seven countries would expand oil production by a combined total of 188,000 barrels per day in August. It was the fifth consecutive month OPEC+ agreed to raise oil outputs.
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Meanwhile, Iran slammed US President Donald Trump’s “one shot” remark on Ali Khamenei’s funeral, and said, “People can be killed, but ideals cannot. You killed Ayatollah Khamenei, but in reality, you broke a perfume bottle whose scent spread everyplace.” Targeting Trump in a post on X, the Iranian Embassy in the US said: “You don’t understand these things because you have neither civilization, nor history, nor honor.”
Trump, in an interview with Axios, had expressed his surprise at the scale of mourning in Iran. He admitted that he had expected people to dislike Khamenei and suggested the tears on display could be “fake”. He said that the US was holding back during Khamenei’s funeral despite having the capability to strike, telling the outlet: “One shot and we can take them all out, but we are not going to do that because then we would have nobody to negotiate with.” He claimed Iran was “begging to make a deal” and said Washington had paused action for a week out of respect for the ceremonies.
Millions of Iranians have taken to the streets during the week-long funeral of former Supreme Leader Ayatollah Ali Khamenei, making it one of the most closely watched global events in recent days. As large crowds gather across Iran, comments by US President Donald Trump about the funeral and Iran’s sharp response have added a political edge to the mourning period.
Latest developments:
- Over 10 million people and delegates from 100+ countries expected at the funeral
- Iran preparing for possible mass-casualty incidents during processions
- Authorities estimate 15–20 million attendees in Tehran over three days
- Funeral ceremonies to continue in Iraq before final burial
- Mojtaba Khamenei, named successor, has not yet appeared in public
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