OPEC members on Sunday agreed to a modest boost in oil output as the war in Iran continues to push global crude oil and gas prices higher.

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.

LONDON: Eight members of OPEC+ agreed on Sunday to raise their oil output quotas by 206,000 barrels per day for May, the group said after a virtual meeting. The war has…

OPEC members on Sunday agreed to a modest boost in oil output as the war in Iran continues to push global crude oil and gas prices higher.