# Opec+ agrees fourth monthly output rise despite Hormuz closure and price swings | The National

> Seven core OPEC+ members agreed to raise July crude output by 188,000 bpd, the fourth consecutive monthly increase. The UAE left the group on May 1, and the Hormuz closure removed about 7.88 million bpd of production after February 28. Saudi Arabia's energy minister said the world needs every form of energy stabilisation.

- Date: 2026-06-07 · published 2026-06-07T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/18718-opec-agrees-fourth-monthly-output-rise-despite-hormuz-closure-and-price-swings
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

The quota rise is largely symbolic while Gulf exports are constrained, so it has little direct effect on crude or diesel prices. The longer-term risk is an oversupply if Hormuz reopens.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-06-07 | [OPEC+ approves fourth oil output quota hike since Hormuz closure](https://feedsoft.ai/events/18721-opec-approves-fourth-oil-output-quota-hike-since-hormuz-closure.md) | -6.1% | -25.6% |
| WTI | 2022-05-05 | [OPEC+ sticks to modest oil output hike despite price rally](https://feedsoft.ai/events/41317-opec-sticks-to-modest-oil-output-hike-despite-price-rally.md) | -2.1% | +8.4% |
| WTI | 2022-06-30 | [Opec+ sticks to output plans for August amid tight supply and price volatility  \| The National](https://feedsoft.ai/events/40839-opec-sticks-to-output-plans-for-august-amid-tight-supply-and-price-volatility.md) | -6.3% | -11.5% |
| WTI | 2021-08-27 | [OPEC stays the course on output hikes as oil prices rebound](https://feedsoft.ai/events/45475-opec-stays-the-course-on-output-hikes-as-oil-prices-rebound.md) | +3.9% | +9.9% |
| WTI | 2022-08-03 | [Oil Prices: OPEC+ Agrees to Raise Production Next Month at Much Slower Pace - Bloomberg](https://feedsoft.ai/events/39947-oil-prices-opec-agrees-to-raise-production-next-month-at-much-slower-pace.md) | -4.1% | -4.5% |
| BRENT | 2026-06-07 | [OPEC+ approves fourth oil output quota hike since Hormuz closure](https://feedsoft.ai/events/18721-opec-approves-fourth-oil-output-quota-hike-since-hormuz-closure.md) | -7.5% | -26.2% |
| BRENT | 2022-05-05 | [OPEC+ sticks to modest oil output hike despite price rally](https://feedsoft.ai/events/41317-opec-sticks-to-modest-oil-output-hike-despite-price-rally.md) | -2.5% | +8.0% |
| BRENT | 2022-06-30 | [Opec+ sticks to output plans for August amid tight supply and price volatility  \| The National](https://feedsoft.ai/events/40839-opec-sticks-to-output-plans-for-august-amid-tight-supply-and-price-volatility.md) | -11.8% | -8.8% |

## Sources

- thenationalnews.com: https://www.thenationalnews.com/business/energy/2026/06/07/opec-agrees-fourth-monthly-output-rise-despite-hormuz-closure-and-price-swings/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.