OPEC+ agrees on third oil output quota hike since Hormuz closure
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Source: New York Post
Published: 2026-05-04 08:24 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Military & Defence, Iran, Energy, Business & Economy, War & Conflict
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Snippet:
OPEC+ agreed on Sunday a modest oil output hike for June, an increase that will remain largely on paper as long as the Iran war continues to disrupt Gulf oil supplies through the Strait of Hormuz.
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