OPEC+ reaches tentative agreement to raise oil output quota, UAE excluded
Fast facts
- Category: Asia
- Language: EN
- Published: 2026-05-02 07:01 UTC
- Sources: The Hindu
Sources say OPEC+ members agreed in principle to a modest increase in production quotas, but the United Arab Emirates did not join the deal. The move is largely symbolic as most shipping through the Strait of Hormuz remains halted due to the ongoing US‑Israeli war against Iran. Article ID 23577.
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