OPEC+ Approves 3rd Oil Output Increase as Hormuz Tensions Persist

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2026-05-03 17:00:11

Ships and boats in the Strait of Hormuz, Musandam, Oman, on May 1, 2026. Stringer/ReutersOPEC+ said Sunday that seven member countries will raise oil output targets by 188,000 barrels per day in June,

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