# Opec+ approves ‘in principle’ May output increase amid war-related supply disruptions | The National

> OPEC+ agreed in principle to keep official targets unchanged while discussing a largely symbolic quota increase for May. The Joint Ministerial Monitoring Committee warned that attacks on energy sites and shipping routes are destabilising markets. The US and IEA had moved to release 172 million and 400 million barrels respectively.

- Date: 2026-04-05 · published 2026-04-05T12:00:00.000Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/19610-opec-approves-in-principle-may-output-increase-amid-war-related-supply
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Attacks on energy infrastructure and shipping lanes keep supply risk high, while emergency stock releases offset some of the shortfall. Net effect is continued support for crude and diesel costs.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-03-25 | [Oil prices rise amid worsening geopolitical outlook and tighter supply \| The National](https://feedsoft.ai/events/31377-oil-prices-rise-amid-worsening-geopolitical-outlook-and-tighter-supply-the.md) | +4.1% | +3.2% |
| WTI | 2022-05-05 | [Opec+ sticks to June output plan as oil prices continue to rise   \| The National](https://feedsoft.ai/events/41320-opec-sticks-to-june-output-plan-as-oil-prices-continue-to-rise-the-national.md) | -2.1% | +8.4% |
| WTI | 2026-03-01 | [Oil and gas prices surge as Iran war disrupts Middle Eastern output \| Reuters](https://feedsoft.ai/events/5228-oil-and-gas-prices-surge-as-iran-war-disrupts-middle-eastern-output-reuters.md) | +35.6% | +50.4% |
| WTI | 2026-03-02 | [Oil Prices Surge as Hormuz Disruptions Threaten Global Supply, Analysts Warn - Bloomberg](https://feedsoft.ai/events/8003-oil-prices-surge-as-hormuz-disruptions-threaten-global-supply-analysts-warn.md) | +35.6% | +50.4% |
| WTI | 2023-02-10 | [OPEC+ Won’t Increase Oil Production Despite Russia Output Cut, Delegates Say - Bloomberg](https://feedsoft.ai/events/37221-opec-won-t-increase-oil-production-despite-russia-output-cut-delegates-say.md) | +0.5% | -1.9% |
| BRENT | 2024-03-25 | [Oil prices rise amid worsening geopolitical outlook and tighter supply \| The National](https://feedsoft.ai/events/31377-oil-prices-rise-amid-worsening-geopolitical-outlook-and-tighter-supply-the.md) | +1.9% | +2.3% |
| BRENT | 2022-05-05 | [Opec+ sticks to June output plan as oil prices continue to rise   \| The National](https://feedsoft.ai/events/41320-opec-sticks-to-june-output-plan-as-oil-prices-continue-to-rise-the-national.md) | -2.5% | +8.0% |
| BRENT | 2026-03-01 | [Oil and gas prices surge as Iran war disrupts Middle Eastern output \| Reuters](https://feedsoft.ai/events/5228-oil-and-gas-prices-surge-as-iran-war-disrupts-middle-eastern-output-reuters.md) | +31.0% | +62.6% |

## Sources

- thenationalnews.com: https://www.thenationalnews.com/business/energy/2026/04/05/opec-does-not-raise-output-levels-as-iran-conflict-keeps-oil-markets-on-edge/

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