OPEC+ on Sunday agreed to a fourth consecutive increase in oil production targets, even as the ongoing US-Iran conflict continues to restrict exports from several member countries and disrupt global energy supplies, Reuters reported.

OPEC+ plans a fourth oil quota hike amid Hormuz tensions. WTI reaching $150 in June 2026 at 1.8% YES.

OPEC+ is set to raise its oil output targets for the fourth straight month, a strategic move amidst production hurdles faced by some of its member countries. Despite setbacks,…

Analyst says the increase means little as long as the strait remains closed

OPEC+ announces fourth oil output increase amid supply crisis caused by war and Strait of Hormuz closure.