OPEC+ is poised to approve its fourth consecutive oil output increase, despite the ongoing U.S.-Iran war disrupting supplies through the critical Strait of Hormuz.
OPEC+ approves fourth consecutive output increase despite production crashing 22% (42.77M to 33.19M bpd) from US-Iran conflict and UAE exit. Energy supply shock elevates cloud and data-center capex, creating sustained cost inflation for enterprise IT infrastructure.
The move comes as part of efforts to tackle global supply challenges
Jun 07, 2026
05:32 pm
What's the storyThe Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, are poised to approve a fourth consecutive increase in their oil output target.
The decision is expected to be announced today.
OPEC+ set for fourth oil quota hike since Hormuz closure, sources say
OPEC+ set for fourth oil quota hike since Strait of Hormuz closure, sources say
OPEC+ decides on fourth oil quota hike since Hormuz closure
OPEC+ approves fourth straight oil output hike, raises July targets by 188,000 bpd
Opec+ set to increase oil output targets again
Opec+ approves fourth oil output quota hike since Hormuz closure
Opec+ approves 4th oil output quota hike since Hormuz closure
OPEC+ Approves Another Oil Output Hike for July | OilPrice.com
OPEC+ approves fourth oil output increase since Hormuz closure
Opec+ approves fourth oil output hike amid Strait of Hormuz tensions
OPEC+ is set to raise its oil output targets for the fourth straight month, a strategic move amidst production hurdles faced by…
Seven members of OPEC+, which groups OPEC and allied producers including Russia, increased output quotas from April to June by…
OPEC+ announces fourth oil output increase amid supply crisis caused by war and Strait of Hormuz closure.
OPEC+ on Sunday agreed to a fourth consecutive increase in oil production targets, even as the ongoing US-Iran conflict continues…
Opec+ is set to agree on Sunday a fourth increase in oil output targets in as many months, three sources from the oil cartel told…
Decides to increase targets by 188,000 bpd from July.
