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Story summary
- OPEC+ members, including Saudi Arabia and Russia, plan an output increase on March 1, 2026.
- The move follows U.S. and Israeli strikes on Iran that have pushed Brent crude above $73 per barrel.
- Analysts warn that a prolonged conflict could disrupt global oil supplies through the Straits of Hormuz and lift prices toward $100 per barrel.
- Even with a planned increase of 137,000 barrels per day, the price impact may be limited because of existing production constraints.
