Opec+ to consider bigger hike after Iran strike, delegate says

Published Sat, Feb 28, 2026 · 04:11 PM

OPEC+ will consider the option of a larger supply increase when key members meet on Sunday, after Israel launched airstrikes on targets in Iran, according to a delegate. 

The group led by Saudi Arabia and Russia was expected to resume modest production increases from April after a three month supply freeze, several delegates said earlier this week. BLOOMBERG