OPEC+ Expected To Raise July Oil Output Despite Strait Of Hormuz Disruption Fears: Report

Key points

• OPEC+ Expected To Raise July Oil Output Despite Strait Of Hormuz Disruption Fears: Report Published By, Last Updated: May 21, 2026, 23:53 IST OPEC plus, including Saudi Arabia and Russia, is expected to approve another July output increase despite Iran related Strait of Hormuz risks, with a final decision due soon.
• OPEC plus, including Saudi Arabia and Russia, is expected to approve another July output increase despite Iran related Strait of Hormuz risks, with a final decision due soon.
• (Courtesy: Reuters) Major OPEC+ oil producers are expected to approve another increase in output targets for July, despite heightened concerns over potential disruptions in the Strait of Hormuz, according to sources cited by Reuters.
• The move would continue a recent trend of gradually raising oil production as the alliance seeks to balance market stability, demand concerns and geopolitical tensions in the Middle East.
• Sources said key OPEC+ members, including Saudi Arabia...