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OPEC+ Plans Another Oil Output Increase Despite Hormuz Disruption

OPEC+ is preparing to raise oil production quotas again, continuing a series of monthly increases even as tensions and disruptions in the Strait of Hormuz affect global oil shipping.

The expected decision would mark the fourth straight month of higher output targets. The adjustment is likely to apply from July, with producers gradually restoring supply that had previously been cut.

The move is being driven by key members of the alliance, including Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan, and Oman. While these countries have increased official production levels in recent months, actual output has remained limited in some cases due to ongoing regional instability.

The Strait of Hormuz, a critical route for global crude exports, has faced significant disruption, reducing the flow of oil from several Gulf producers. This has created a gap between announced quotas and real market supply.

Sources say the planned increase may remain close to previous monthly additions, though final figures could still change depending on discussions among member states.

Analysts say the gradual increases signal an attempt by OPEC+ to balance market stability with supply restoration, but logistical challenges and geopolitical risks are still restricting the full impact on global oil availability.

A final decision is expected after the group’s upcoming meeting.