OPEC+ members agreed to increase oil production by 188,000 barrels per day, effective June 2026, after UAE’s exit.
The hike represents the original planned volume minus Abu Dhabi’s share, aiming to signal market stability amid Gulf conflict.
Brent futures hovered around $108 per barrel, easing from four‑year highs, while diesel, gasoline and jet fuel costs surge.
OPEC+ reaffirmed flexibility to adjust voluntary cuts and monitor compliance via the Joint Ministerial Monitoring Committee.