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Wed · 26 Aug 2026

OPEC+ Set to Raise July Output Despite Hormuz Blockade

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OPEC+ Set to Raise July Output Despite Hormuz Blockade

🛢️ OPEC+ — Pumping more oil into a strait that's already closed. 📌 LOOK CLOSER: More barrels from Riyadh and Abu Dhabi don't exit via Hormuz — they flow through Red Sea pipelines and Atlantic routes. The move signals Gulf producers are absorbing the price floor, not waiting for Doha. But it also caps the Brent ceiling, stripping Tehran of maximum oil-price leverage at the worst moment in negotiations.

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