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flag OPEC+ agreed to raise oil output by 206,000 barrels daily, but the increase is limited by the U.S.-Israel war.

flag OPEC+ agreed in principle to raise collective oil output quotas by 206,000 barrels per day for May, though the increase is largely symbolic due to ongoing disruptions from the U.S.-Israel war with Iran. flag The conflict has effectively closed the Strait of Hormuz, removing up to 15% of global supply and pushing crude prices to near $120 a barrel. flag Officials estimate it could take months to restore normal operations, limiting the immediate impact of the production hike.

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