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2026-07-04T12:20:08.000Z

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OPEC boosts June output with Gulf supplies

OPEC boosts June output with Gulf supplies

OPEC oil production increased in June, rising by 3.3 million barrels per day to reach 19.43 million barrels, after member countries in the Gulf region resumed their supplies, which had been halted due to the war with Iran and the closure of the Strait of Hormuz. This comes amid an improvement in production levels compared to the lowest point in over twenty years, supported by the easing of sanctions on Iranian ports and increased output in Saudi Arabia, Iraq, Nigeria, and Libya, despite setbacks in the planned production increase by the OPEC+ alliance due to tensions with Iran.

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