OPEC Plus to Boost Oil Production as Iran Strikes Threaten Price Spike

3 March 2026 at 6:39:03 am

• OPEC+ has committed to increasing oil production by 206,000 barrels per day starting next month.
• The decision aims to stabilize global markets amid rising price volatility following Iranian strikes.
• Members pledged to closely monitor market conditions to ensure supply remains aligned with shifting geopolitical risks.