OPEC+ Agrees To Boost Output By Another 206,000 Barrels A Day When Strait Of Hormuz Reopens With the world’s attention glued to every headline out of Iran, it is understandable why today’s OPEC+ meeting was largely ignored, although with roughly 12% of global oil output throttled at the Strait of Hormuz, it’s not as if even OPEC+ could do much to offset the supply shock. Earlier on Sunday, the oil-producing cartel (where Iran is a founding member yet was missing from the Joint Ministerial Monitoring Committee) warned that damage to Middle East energy assets will have a prolonged impact on… — Continue at ZeroHedge News : Read More
