# OPEC+ to Resume Oil Output Increases as Iran Conflict Rages - Bloomberg

> OPEC+ led by Saudi Arabia and Russia will add 206,000 barrels per day in April, ending a pause in its output hikes. The decision was announced after the group's monthly video conference on Sunday, as the Iran conflict continues.

- Date: 2026-03-01 · published 2026-03-01T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/20079-opec-to-resume-oil-output-increases-as-iran-conflict-rages-bloomberg
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The added barrels are modest, and the group's spare capacity is limited while Hormuz flows are disrupted. Crude prices are likely to remain supported by supply risk, which feeds into diesel and fertilizer costs.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2025-11-01 | [Oil settles lower as OPEC plans to increase oil output](https://feedsoft.ai/events/22562-oil-settles-lower-as-opec-plans-to-increase-oil-output.md) | -2.4% | -2.5% |
| BRENT | 2021-12-02 | [Oil Plunges 4.8% as Russia Is Said to Propose OPEC+ Output Hike - Bloomberg](https://feedsoft.ai/events/6306-oil-plunges-4-8-as-russia-is-said-to-propose-opec-output-hike-bloomberg.md) | +9.7% | +14.1% |
| BRENT | 2021-06-01 | [OPEC+ agrees to continue planned crude output increases](https://feedsoft.ai/events/46499-opec-agrees-to-continue-planned-crude-output-increases.md) | +2.4% | +7.5% |
| BRENT | 2021-09-01 | [OPEC+ Ministers Recommend Sticking With Planned Output Increases - Bloomberg](https://feedsoft.ai/events/44978-opec-ministers-recommend-sticking-with-planned-output-increases-bloomberg.md) | -2.2% | +7.5% |
| BRENT | 2025-03-03 | [OPEC+ to Begin Long-Delayed Oil Output Restart Amid Trump Pressure - Bloomberg](https://feedsoft.ai/events/25482-opec-to-begin-long-delayed-oil-output-restart-amid-trump-pressure-bloomberg.md) | -3.4% | +0.3% |
| WTI | 2025-11-01 | [Oil settles lower as OPEC plans to increase oil output](https://feedsoft.ai/events/22562-oil-settles-lower-as-opec-plans-to-increase-oil-output.md) | -2.0% | -3.4% |
| WTI | 2021-12-02 | [Oil Plunges 4.8% as Russia Is Said to Propose OPEC+ Output Hike - Bloomberg](https://feedsoft.ai/events/6306-oil-plunges-4-8-as-russia-is-said-to-propose-opec-output-hike-bloomberg.md) | +10.6% | +17.4% |
| WTI | 2021-06-01 | [OPEC+ agrees to continue planned crude output increases](https://feedsoft.ai/events/46499-opec-agrees-to-continue-planned-crude-output-increases.md) | +4.4% | +10.0% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2026-03-01/opec-agrees-in-principle-to-206k-b-d-hike-for-april-delegates

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