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Home > World > UPDATE 5-OPEC+ decides on fourth oil quota hike since Hormuz closure

UPDATE 5-OPEC+ decides on fourth oil quota hike since Hormuz closure

Written By: Editorial Webdesk
Published: June 7, 2026 21:18:14 IST

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* OPEC+ raises targets by 188,000 bpd from July * Hike is fourth increase in as many months * Most members cannot meet targets due to Hormuz closure * OPEC+ leaves group-wide policy unchanged until

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

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