Members reportedly agree rise of 206,000 barrels a day in May but move symbolic with strait of Hormuz effectively closed

OPEC+ may approve an oil output increase, despite the fact that its key members are unable to actually raise production due to the U.S.-Israeli war with Iran.

DUBAI: Critical infrastructure across the Gulf came under attack from Iran on Sunday with damage reported at civilian facilities in the United Arab Emirates, Bahrain and Kuwait.…