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OPEC+ is set to discuss a modest increase in oil output, but the move is likely to remain largely theoretical as the ongoing Iran war continues to disrupt supply, Reuters <\/em>reported.\u00a0<\/p> The group may approve a hike of about 206,000 barrels per day for May, mirroring April\u2019s increase, according to sources. However, the boost is expected to exist mostly on paper as key producers remain unable to raise output due to the conflict.\u00a0<\/p> The war has effectively shut the Strait of Hormuz \u2014 the world\u2019s most critical oil transit route \u2014 since late February, sharply cutting exports from major Gulf producers such as Saudi Arabia, the UAE, Kuwait and Iraq.\u00a0<\/p> The disruption has already removed an estimated 12-15 million barrels per day, or up to 15% of global supply, from the market, one of the largest shocks on record, Reuters <\/em>reported.\u00a0<\/p> As a result, Brent crude prices have surged close to $120 per barrel, with analysts warning they could spike above $150 if the disruption persists.\u00a0<\/p> Despite the planned quota increase, actual production gains remain constrained. Infrastructure damage from missile and drone attacks across the Gulf, along with sanctions and war-related disruptions affecting Russia, have further limited the ability of producers to ramp up output.\u00a0<\/p> Sources told Reuters the proposed increase is intended more as a signal \u2014 showing OPEC+ is ready to act once conditions improve and supply routes reopen \u2014 rather than an immediate solution to tight global supply.\u00a0<\/p> <\/div> OPEC+, Iran war, oil supply disruption, Strait of Hormuz, crude oil prices, Brent crude, global energy markets, production hike, geopolitical tensions, supply shock#OPEC #weighs #bpd #hike #Iran #war #output #gains #largely #symbolic1775414972<\/p> ","protected":false},"excerpt":{"rendered":" OPEC+ is set to discuss a modest increase in oil output, but the move is likely to remain largely theoretical as the ongoing Iran war continues to disrupt supply, Reuters reported.\u00a0 The group may approve a hike of about 206,000 barrels per day for May, mirroring April\u2019s increase, according to sources. However, the boost is […]<\/p>\n","protected":false},"author":1,"featured_media":5913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[22144,16689,15411,494,22142,22140,1038,968,14346,22145,22139,22138,15268,22141,17862,22143,22146,1975,181],"class_list":["post-5912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-content-marketing","tag-bpd","tag-brent-crude","tag-crude-oil-prices","tag-gains","tag-geopolitical-tensions","tag-global-energy-markets","tag-hike","tag-iran","tag-iran-war","tag-largely","tag-oil-supply-disruption","tag-opec","tag-output","tag-production-hike","tag-strait-of-hormuz","tag-supply-shock","tag-symbolic","tag-war","tag-weighs"],"acf":[],"_links":{"self":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts\/5912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5912"}],"version-history":[{"count":0,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts\/5912\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/media\/5913"}],"wp:attachment":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5912"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}