# OPEC+ approves fourth oil output quota hike since Hormuz closure

> OPEC+ agreed on June 7, 2026 to a fourth monthly output target increase, of 188,000 bpd for July, even as the US-Iran war keeps several members from pumping more. Output averaged 33.19 million bpd in April versus 42.77 million in February, according to OPEC figures. The UAE's exit from OPEC was cited as adding to the group's difficulties.

- Date: 2026-06-07 · published 2026-06-07T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/18721-opec-approves-fourth-oil-output-quota-hike-since-hormuz-closure
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower Gulf exports keep crude supply tight, which supports energy costs that flow into feed transport and fertilizer. The quota hike itself does little to change that balance.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-06-07 | [Opec+ agrees fourth monthly output rise despite Hormuz closure and price swings \| The National](https://feedsoft.ai/events/18718-opec-agrees-fourth-monthly-output-rise-despite-hormuz-closure-and-price-swings.md) | -6.1% | -25.6% |
| 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 | 2025-10-07 | [Oil settles flat amid OPEC+ output hike, supply glut fears \| Reuters](https://feedsoft.ai/events/22308-oil-settles-flat-amid-opec-output-hike-supply-glut-fears-reuters.md) | -4.1% | -1.1% |
| WTI | 2022-01-04 | [Oil ends up at $80/bbl as OPEC+ sticks with Feb output hike \| Reuters](https://feedsoft.ai/events/43062-oil-ends-up-at-80-bbl-as-opec-sticks-with-feb-output-hike-reuters.md) | +2.8% | +16.0% |
| WTI | 2020-12-03 | [Opec+ agrees output hike from January - Business - DAWN.COM](https://feedsoft.ai/events/49556-opec-agrees-output-hike-from-january-business-dawn-com.md) | +0.5% | +7.0% |
| BRENT | 2026-06-07 | [Opec+ agrees fourth monthly output rise despite Hormuz closure and price swings \| The National](https://feedsoft.ai/events/18718-opec-agrees-fourth-monthly-output-rise-despite-hormuz-closure-and-price-swings.md) | -7.5% | -26.2% |
| BRENT | 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) | +3.6% | +8.6% |
| BRENT | 2025-10-07 | [Oil settles flat amid OPEC+ output hike, supply glut fears \| Reuters](https://feedsoft.ai/events/22308-oil-settles-flat-amid-opec-output-hike-supply-glut-fears-reuters.md) | -3.8% | -1.4% |

## Sources

- cnbc.com: https://www.cnbc.com/2026/06/07/opec-set-for-fourth-oil-quota-hike-since-strait-of-hormuz-closure.html

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