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OPEC+ Set to Agree Third Oil Output Quota Hike Since Hormuz Closure

Business of Fashion 04 May 2026 6h ago
OPEC+ Set to Agree Third Oil Output Quota Hike Since Hormuz Closure
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25/20
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OPEC+ is set to agree on Sunday to a modest oil output hike, but the increase will remain largely on paper as long as the US-Iran war continues to disrupt Gulf oil supplies, sources told Reuters.
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