OPEC+ Raises Oil Output As Gulf Supply Disruptions Persist Amid Iran War
- Posted on May 4, 2026
- By International Business Times
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- 1 min read
OPEC+ Raises Oil Output As Gulf Supply Disruptions Persist Amid Iran War
OPEC+ agreed to a modest increase in oil production for June as the group continues adjusting output during a period of disrupted global supply tied to the ongoing conflict involving Iran and restricted shipping through the Strait of Hormuz.