Business
OPEC+ Increases Oil Production
OPEC+ decided to raise oil production levels again despite falling crude prices. The decision is seen as largely symbolic until a peace deal between the U.S. and Iran normalizes shipping in the Strait of Hormuz.
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MarketWatch
Major oil producers on Sunday agreed once again to modestly increase their crude production, although, as in previous months, the hike is largely symbolic until a peace deal between the U.S. and Iran sticks and the Strait of Hormuz is fully reopened to shipping traffic.
2026-07-05 19:55 UTC