Opec+ agrees third oil output quota hike since Hormuz closure
Opec+ has agreed to a third consecutive oil output quota increase, aligning with the ongoing disruptions in the Strait of Hormuz due to the US-Israeli conflict with Iran. Despite the increase being largely symbolic, it aims to project a message of continuity in oil production.
Opec+ oil production Geopolitics Strait of Hormuz energy market
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Opec+ agrees third oil output quota hike since Hormuz closure
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