OPEC+ set to agree third oil output quota hike since Hormuz closure, sources say
Seven OPEC+ members approve 188,000 bpd hike for June but increase remains symbolic until strait reopens Ships and boats in the Strait of Hormuz, Musandam, Oman, May 1, 2026. PHOTO: REUTERS OPEC+ is set to agree on Sunday a modest oil output hike, sources said, but the increase will remain largely on paper as long…