OPEC+ Agrees to Third Oil Output Quota Hike Since Hormuz Closure

OPEC+ agreed on Sunday a modest oil output hike for June, an increase that will remain largely on paper as long as the Iran war continues to disrupt Gulf oil supplies through ​the Strait of Hormuz.Seven OPEC+ countries will raise oil output targets by 188,000 barrels per…[#item_full_content]

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