OPEC Plus Agrees to Raise Oil Output Targets by 188000 Barrels Per Day for June Despite Strait of Hormuz Blockade and UAE Exit From the Group
OPEC+ has agreed in principle to raise oil output targets by 188,000 barrels per day for June 2026 — the third consecutive monthly increase — even as the Strait of Hormuz remains blocked by the US-Iran conflict and the UAE has exited the group.
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