OPEC+ announces modest boost in oil production. But here’s why it’s a mostly symbolic move.
In a largely symbolic move, the OPEC+ nations announced Sunday that they would slightly increase crude production in June, as the war with Iran continues to stifle the world’s supply of oil.
ORIGINAL SOURCE →via MarketWatch
ADVERTISEMENT
⚡ STAY AHEAD
Events like this, convergence-verified across 689 sources, land in your inbox every Sunday. Free.
GET THE SUNDAY BRIEFING →RELATED · IR
- [HEALTH] In the name of immunity, for the sake of the sacred: An analysis of the Iranian government's response to the COVID-19 ou
- [CONFLICT] US to ‘guide’ stranded ships out of Strait of Hormuz, says Trump
- [CONFLICT] US warns shipping firms they could face sanctions over paying Iranian tolls in the Strait of Hormuz
- [CONFLICT] Iran war impact on shipping affecting refugee aid with freight rates soaring, UNHCR says
- [CONFLICT] Iran's war-hit economy sees mass layoffs and business closures
- [CONFLICT] Iran lawmaker says Strait of Hormuz will not return to pre‑war state