Seven OPEC+ members agreed Sunday to lift their combined oil output target by 188,000 barrels per day from July, but analysts say the increase may deliver little actual supply while the Strait of Hormuz remains blocked by the Iran conflict.
Seven OPEC+ members agreed Sunday to lift their combined oil output target by 188,000 barrels per day from July, but analysts say the increase may deliver little actual supply while the Strait of Hormuz remains blocked by the Iran conflict.