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OPEC+ Considers Larger Output Hike After Iran Strike, Delegate Says
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OPEC+ Considers Bigger Supply Hike After Israel's Airstrikes on Iran
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Moneycontrol
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28-02-2026, 14:28
OPEC+ Considers Bigger Supply Hike After Israel's Airstrikes on Iran
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OPEC+ to weigh a larger supply increase following Israel's airstrikes on Iran.
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The group, led by Saudi Arabia and Russia, was expected to resume modest production increases from April.
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Oil prices climbed to a seven-month high of $73 a barrel in London due to conflict fears.
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Saudi Arabia and other producers, including Iran, recently accelerated oil exports.
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The attack occurred after US-Iran nuclear talks, which President Trump expressed dissatisfaction with.
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