Prayers to be offered for Iran's Khamenei on day two of funeral ceremonies

Funeral ceremonies for Iran's Supreme Leader Ayatollah Ali Khamenei are continuing for a second day, with prayers set to be offered for the prominent religious and political figure. International observers are closely monitoring the proceedings as the nation mourns its leader.

The ceremonies mark a significant moment for Iran, following the announcement of Khamenei's death. Details about the specific prayers and the schedule for the coming days are expected to be released as the nation observes its period of mourning.

In a separate development, oil market analysts are anticipating that OPEC+ may decide to increase production quotas again. This potential move comes as the geopolitical situation in the Middle East shows signs of calming. However, analysts note that current production levels might still be below the group's targets, suggesting a cautious approach to any output adjustments. Giovanni Staunovo, a commodity analyst at the Swiss bank UBS, provided commentary on the market outlook.