OPEC+ announces symbolic oil output rise during Strait of Hormuz closure

After 63 past neutral geopolitics events, Crude Oil (Brent) moved a median -0.5% over 5 sessions (44% higher; middle half -4.4% to +2.6%), and -2.7% over 20.

• Apr 5, 2026OPEC+ agrees to boost oil output when Strait of Hormuz reopens | Reuters-9.7%
• Jun 1, 2026EXCLUSIVE: OPEC+ set for another oil output quota hike despite Hormuz closure, sources say+2.9%
• May 4, 2026OPEC+ crude output boost is symbolic, but it still matters | Reuters-9.5%
• Mar 2, 2026Forget OPEC+ output hike. Duration of Hormuz disruption is what matters | Reuters+31.0%
• Nov 29, 2025OPEC+ holds oil output steady, agrees capacity mechanism | Reuters+0.7%

After 60 past neutral geopolitics events, Crude Oil (WTI) moved a median -0.9% over 5 sessions (43% higher; middle half -4.7% to +2.3%), and -1.9% over 20.

• Apr 5, 2026OPEC+ agrees to boost oil output when Strait of Hormuz reopens | Reuters-13.2%
• May 4, 2026OPEC+ crude output boost is symbolic, but it still matters | Reuters-6.3%
• Mar 2, 2026Forget OPEC+ output hike. Duration of Hormuz disruption is what matters | Reuters+35.6%
• Nov 29, 2025OPEC+ holds oil output steady, agrees capacity mechanism | Reuters+2.7%
• Jun 1, 2026OPEC+ announces 188,000 barrels-per-day output increase in first meeting without UAE+3.5%