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Bureau: Brussels
Seven cartel members agree a baseline-recalibration mechanism in Vienna while the eighth, the UAE, sits on 1.6 million barrels of suppressed capacity behind Hormuz.
Brent closed Friday at $114.66, twelve dollars off the $126 war high, after Iran's fourteen-point counter offered traders a reason to take profit before the Sunday OPEC+ add.
Eurostat's flash put April inflation at 3.0% on energy +10.9%; the ECB held the deposit rate, calling the breach 'temporary' as 'stagflation' enters its lexicon.