OPEC+ Increases July Output by 188,000 bpd Amid Hormuz Blockade

OPEC / Transport Topics · Jul 02, 2026 00:00

Seven OPEC+ nations will increase oil production by 188,000 barrels per day (bpd) in July 2026, marking the second consecutive monthly rise. This nominal increase is largely symbolic as the Strait of Hormuz blockade continues to strand supply, keeping total OPEC+ output significantly below pre-war levels.