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OPEC+ is set to weigh a larger oil output increase at its Sunday meeting after the US and Israel launched an attack on Iran. Delegates say the group had previously expected only modest April hikes.
A bigger planned supply increase would weigh on crude, but the Iran strikes raise supply-disruption risk, so the net price effect is uncertain and volatile for energy costs.
bloomberg.comSalma El WardanyMar 1, 2026After 210 past bearish policy events, Crude Oil (Brent) moved a median -0.9% over 5 sessions (48% higher; middle half -3.8% to +3.2%), and +0.2% over 20.
After 215 past bearish policy events, Crude Oil (WTI) moved a median +0.1% over 5 sessions (51% higher; middle half -4.4% to +3.3%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
