OPEC+ agrees to boost oil output when Strait of Hormuz reopens

## Summary
Advertisement World OPEC+ agrees to boost oil output when Strait of Hormuz reopens The logo of the Organisation of the Petroleum Exporting Countries (OPEC) is seen at OPEC's headquarters in Vienna, Austria December 5, 2018. (Photo: Reuters/Leonhard Foeger) 06 Apr 2026 02:21AM (Updated: 06 Apr 2026 02:25AM) Bookmark Bookmark Share WhatsApp Telegram Facebook Twitter Email LinkedIn Set CNA as your preferred source on Google Add CNA as a trusted source to help Google better understand and surface our content in search results. Click here to return to FAST Tap here to return to FAST FAST MOSCOW/LONDON: OPEC+ agreed on Sunday (Apr 5) to raise its oil output quotas by 206,000 barrels per day for May, a modest rise that will largely exist on paper as key members are unable to increase production due to the US-Israeli war with Iran. The war has effectively shut the Strait of Hormuz, the world's most important oil route, since the end of February, cutting exports from OPEC+ members Saudi Arabia, the UAE, Kuwait and Iraq. Related: US crude jumps more than 11%, Brent nearly 8% after Trump vows more attacks on Iran How the US could try to seize Iran’s Kharg Island - and why it might backfire WTI, June Brent crude futures settle down on reports that Iran may be ready to end war Source: Reuters/fs Sign up for our newsletters Get our pick of top stories and thought-provoking articles in your inbox Subscribe here Get the CNA app Stay updated with notifications for breaking news and our best stories Download here Get WhatsApp alerts Join our channel for the top reads for the day on your preferred chat app Join here Related Topics Strait of Hormuz energy OPEC Advertisement Also worth reading Content is loading...

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OPEC+ agrees to boost oil output when Strait of Hormuz reopens
The logo of the Organisation of the Petroleum Exporting Countries (OPEC) is seen at OPEC's headquarters in Vienna, Austria December 5, 2018. (Photo: Reuters/Leonhard Foeger)
06 Apr 2026 02:21AM
(Updated: 06 Apr 2026 02:25AM)
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MOSCOW/LONDON:
OPEC+ agreed on Sunday (Apr 5) to raise its oil output
quotas by 206,000 barrels per day for May, a modest rise that will largely exist on paper as key members are unable to increase production due to the US-Israeli war with Iran.
The war has effectively shut the Strait of Hormuz, the world's most important oil route, since the end of February, cutting exports from OPEC+ members Saudi Arabia, the UAE, Kuwait and Iraq. Crude prices have surged to a four-year high close to US$120 a barrel, pushing up transport fuel costs and pressuring consumers and businesses globally.
The quota increase represents less than 2 per cent of the supply disrupted by the Hormuz closure, but signals readiness to raise output once the waterway reopens. Consultancy Energy Aspects called the increase "academic" as long as disruptions persist.
"When the Strait of Hormuz is closed, additional barrels from OPEC+ become largely irrelevant," said Jorge Leon, a former OPEC official and head of geopolitical analysis at Rystad Energy.
ATTACKS ON ENERGY ASSETS A CONCERN
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Eight members of OPEC+ agreed to the May quota increase at a virtual meeting on Sunday. A separate panel, the Joint Ministerial Monitoring Committee, expressed concern about attacks on energy assets, saying they were expensive and time-consuming to repair and therefore had a significant impact on supply.
Besides Gulf disruptions, other members such as Russia are unable to increase output due to Western sanctions and infrastructure damage from the war in Ukraine. Gulf officials have said it could take months to resume normal operations even if the war stopped and Hormuz reopened immediately.
A map showing the Strait of Hormuz is seen in this illustration taken June 22, 2025. (Photo: Reuters/Dado Ruvic/Illustration)
RECORD OIL SUPPLY DISRUPTION
The conflict has caused the largest oil supply disruption on record, estimated to have removed as many as 12 to 15 million barrels per day, or up to 15 per cent of global supply.
Oil prices could spike above US$150 a barrel, an all-time high, if flows via Hormuz remain disrupted into mid-May, JPMorgan said on Thursday.
Iran said on Saturday that Iraq was exempt from any restrictions on transit through Hormuz, and shipping data on Sunday showed a tanker loaded with Iraqi crude passing through the strait. However, it remains unclear whether more vessels will take the risk, a source close to the issue said.
The eight OPEC+ members hold their next meeting on May 3.
Related:
US crude jumps more than 11%, Brent nearly 8% after Trump vows more attacks on Iran
How the US could try to seize Iran’s Kharg Island - and why it might backfire
WTI, June Brent crude futures settle down on reports that Iran may be ready to end war
Source: Reuters/fs
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## Expert Analysis

### Merits
- The war has effectively shut the Strait of Hormuz, the world's most important oil route, since the end of February, cutting exports from OPEC+ members Saudi Arabia, the UAE, Kuwait and Iraq.
- A separate panel, the Joint Ministerial Monitoring Committee, expressed concern about attacks on energy assets, saying they were expensive and time-consuming to repair and therefore had a significant impact on supply.

### Areas for Consideration
- ATTACKS ON ENERGY ASSETS A CONCERN CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less Eight members of OPEC+ agreed to the May quota increase at a virtual meeting on Sunday.
- A separate panel, the Joint Ministerial Monitoring Committee, expressed concern about attacks on energy assets, saying they were expensive and time-consuming to repair and therefore had a significant impact on supply.
- However, it remains unclear whether more vessels will take the risk, a source close to the issue said.

### Implications
- Click here to return to FAST Tap here to return to FAST FAST MOSCOW/LONDON: OPEC+ agreed on Sunday (Apr 5) to raise its oil output quotas by 206,000 barrels per day for May, a modest rise that will largely exist on paper as key members are unable to increase production due to the US-Israeli war with Iran.
- ATTACKS ON ENERGY ASSETS A CONCERN CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less Eight members of OPEC+ agreed to the May quota increase at a virtual meeting on Sunday.
- A separate panel, the Joint Ministerial Monitoring Committee, expressed concern about attacks on energy assets, saying they were expensive and time-consuming to repair and therefore had a significant impact on supply.
- Gulf officials have said it could take months to resume normal operations even if the war stopped and Hormuz reopened immediately.

### Expert Commentary
This article covers opec, hormuz, fast topics. Notable strengths include discussion of opec. Areas of concern are also raised. Readability: Flesch-Kincaid grade 0.0. Word count: 721.