OPEC+ postpones quota review over Iran conflict

Sources have reported that OPEC+ has postponed the review of oil production quotas for 2027 due to delays in expansion projects caused by Iran's war and overlapping conflicts with regional repercussions, which have complicated the assessment of the future production capacity of member countries. The review was originally scheduled to be completed by the end of September 2026, but the deadline has been pushed back to mid-November, as the results depend on data analyzed through independent evaluations, with potential impacts on the future quotas of certain countries, especially those whose production capacity has declined or increased. This development coincides with rising oil prices following escalating military risks and Kuwait's decreased output due to Gulf attacks, reflecting how conflicts are affecting the global oil market.

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