Event Overview
OPEC+ agrees on third oil output quota hike since Hormuz closure
Seven OPEC+ countries will raise oil output targets by 188,000 barrels per day in June, the third consecutive monthly increase, OPEC+ said in a statement This cluster currently includes 2 articles from 2 sources.
This cluster currently includes 2 articles from 2 sources. Sources in this event include New York Post, Fox News.
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OPEC+ agrees on third oil output quota hike since Hormuz closure
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 per day in June, the third consecutive monthly.
Trump’s Middle East energy victories are a huge reminder of America's dominance
A panel debates the escalating U.S.-Iran conflict, its impact on global energy prices and more on ‘Special Report.’ In May 2025, the first foreign trip of President Donald Trump ’s second term took him to Saudi Arabia, Qatar and the United Arab Emirates. Widely credited with cementing regional support for the military.