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Politics
World : OPEC+ Agrees Third Oil Output Quota Hike Since Hormuz Closure
May 3, 2026
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Posted 2 hours ago by
KUALA LUMPUR, May 3 (Reuters) -- OPEC+ agreed on Sunday a modest oil output hike for June, an increase that will remain largely on paper as long as the Iran war continues to disrupt Gulf oil supplies through the Strait of Hormuz, Reuters reported.
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