Opec+ set to raise output as Strait of Hormuz blockade disrupt oil flows

<article data-history-node-id="439592" about="https://www.middleeasteye.net/live-blog/live-blog-update/opec-set-raises-output-strait-hormuz-blockade-disrupt-oil-flows" class="live-blog-update default clearfix"> <h2> <a href="https://www.middleeasteye.net/live-blog/live-blog-update/opec-set-raises-output-strait-hormuz-blockade-disrupt-oil-flows" rel="bookmark"> <span class="field field-title">Opec+ set to raise output as Strait of Hormuz blockade disrupt oil flows</span> </a> </h2> <div class="content"> <div class="field field-field-text"><section data-scroll-anchor="false" data-testid="conversation-turn-192" data-turn="assistant" data-turn-id="request-69f45dd3-8d4c-83eb-b79d-1544f51fcc2d-65" dir="auto"> <p data-end="453" data-start="281">The Opec+ has agreed to increase output in June in a move aimed at reassuring markets that supply will continue despite the Israeli-US war on Iran.</p> <p data-end="664" data-start="455">The group plans to add 188,000 barrels per day, a relatively small rise that is unlikely to offset the impact of restrictions around the Strait of Hormuz, where access remains constrained.</p> <p data-end="1032" data-start="860">The United Arab Emirates, a key member, exited the group last week, citing interference in its production decisions, adding to uncertainty within the bloc.</p> <p data-end="1281" data-is-last-node data-is-only-node data-start="1034">Economic effects are also spreading across the region. Dubai’s airport, one of the world’s busiest international hubs, recorded a sharp fall in passenger traffic last month as airlines rerouted flights over safety concerns, according to Bloomberg.</p> </section> </div> </div> </article>