Seven OPEC+ Countries Just Raised Oil Output Again, but the Barrels Cannot Get Out
Seven OPEC+ core members agreed to raise production targets by 188,000 barrels per day for July 2026, their fourth hike since the Strait of Hormuz closed. On paper this should lower prices. In reality, with the strait shut by the Iran war, the extra barrels cannot reach the market, and that gap is the whole story.
Market Authority6 min read
