OPEC+ Ends Output Pause, Agrees to Modest April Increase as Iran Conflict Rattles Gulf

OPEC+ approved a production increase of 206,000 barrels per day beginning in April, ending a three-month pause in output hikes even as US and Israeli military strikes on Iran sent crude prices sharply higher and brought tanker traffic through the Strait of Hormuz to a halt. The alliance’s eight-member core group — Saudi Arabia, Russia, […] The post OPEC+ Ends Output Pause, Agrees to Modest April Increase as Iran Conflict Rattles Gulf appeared first on the deep dive.