OPEC+ may keep lifting its oil output quotas as the Iran war broadens. Why that won’t help lower prices.

Reported by MarketWatch · Published 1 Aug 2026, 7:00 PM MYT (2 hr ago)

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The Organization of the Petroleum Exporting Countries and its allies may decide Sunday to lift their oil production quotas for a sixth straight month — but finding ways to export those extra barrels will be the real problem.

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OPEC+ may keep lifting its oil output quotas as the Iran war broadens. Why that won’t help lower prices.

Summary

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