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On Sunday, OPEC+ agreed to raise oil production quotas by <strong>206,000 barrels per day</strong> for May, a modest increase amid the ongoing closure of the Strait of Hormuz due to the U.S.-Israeli conflict with Iran.
The 65th meeting of the OPEC+ Joint Ministerial Monitoring Committee was held via video conference, emphasizing the importance of protecting maritime shipping routes to ensure energy supply flow. The committee expressed concern over attacks on energy infrastructure and their impact on market stability.