OPEC+ agrees third oil output quota hike since Hormuz closure

By Alex Lawler, Olesya Astakhova and Ahmad Ghaddar 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. Seven OPEC+ countries will raise oil output targets by 188,000 barrels […]