The planned production level was set at 29.363 million bpd, while actual output stood at 21.717 million bpd

OPEC+ agreed to raise oil production quotas by 188,000 barrels per day for July 2026, but Strait of Hormuz tensions make the increase largely symbolic.

OPEC+ agreed to raise oil production quotas by 188,000 barrels per day in July 2026, but analysts say Strait of Hormuz disruptions make the increase