{"id":3625,"date":"2026-05-03T01:44:19","date_gmt":"2026-05-03T01:44:19","guid":{"rendered":"https:\/\/echeloncreativemedia.com\/marketvows\/2026\/05\/03\/opec-signals-intent-to-boost-oil-output-despite-ongoing-conflict-and-strait-of-hormuz-closure\/"},"modified":"2026-05-03T01:44:19","modified_gmt":"2026-05-03T01:44:19","slug":"opec-signals-intent-to-boost-oil-output-despite-ongoing-conflict-and-strait-of-hormuz-closure","status":"publish","type":"post","link":"https:\/\/echeloncreativemedia.com\/marketvows\/2026\/05\/03\/opec-signals-intent-to-boost-oil-output-despite-ongoing-conflict-and-strait-of-hormuz-closure\/","title":{"rendered":"OPEC+ Signals Intent to Boost Oil Output Despite Ongoing Conflict and Strait of Hormuz Closure"},"content":{"rendered":"<p>OPEC+ has tentatively agreed to increase oil output targets in June by 188,000 barrels per day, marking a third consecutive monthly increase. However, the actual impact of this increase is expected to be limited due to the ongoing U.S.-Iran conflict and the closure of the Strait of Hormuz, which are severely disrupting oil supplies.  Oil prices have surged, but saw a slight dip following a new peace proposal from Iran.<\/p>\n<p><\/p>\n<p style=\"text-align: left;font-style: normal;font-weight: bold\"><a href=\"https:\/\/www.cnbc.com\/2026\/05\/01\/opec-oil-iran.html\" target=\"_blank\" rel=\"noopener noreferrer\">READ MORE FROM CNBC<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>OPEC+ has tentatively agreed to increase oil output targets in June by 188,000 barrels per day, marking a third consecutive monthly increase. However, the actual impact of this increase is expected to be limited due to the ongoing U.S.-Iran conflict and the closure of the Strait of Hormuz, which are severely disrupting oil supplies. Oil [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3626,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.cnbc.com\/2026\/04\/30\/oil-prices-today-brent-wti-us-iran-war-trump.html","fifu_image_alt":"","footnotes":""},"categories":[28,29,30,31,32],"tags":[],"class_list":["post-3625","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","category-global-affairs","category-global-security","category-technology","category-travel","rifnote_country-algeria","rifnote_country-iran","rifnote_country-iraq","rifnote_country-kazakhstan","rifnote_country-kuwait","rifnote_country-oman","rifnote_country-pakistan","rifnote_country-russia","rifnote_country-saudi-arabia","rifnote_country-u-s","rifnote_country-uae"],"fifu_image_url":"https:\/\/www.cnbc.com\/2026\/04\/30\/oil-prices-today-brent-wti-us-iran-war-trump.html","_links":{"self":[{"href":"https:\/\/echeloncreativemedia.com\/marketvows\/wp-json\/wp\/v2\/posts\/3625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/echeloncreativemedia.com\/marketvows\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/echeloncreativemedia.com\/marketvows\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/echeloncreativemedia.com\/marketvows\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/echeloncreativemedia.com\/marketvows\/wp-json\/wp\/v2\/comments?post=3625"}],"version-history":[{"count":0,"href":"https:\/\/echeloncreativemedia.com\/marketvows\/wp-json\/wp\/v2\/posts\/3625\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/echeloncreativemedia.com\/marketvows\/wp-json\/wp\/v2\/media\/3626"}],"wp:attachment":[{"href":"https:\/\/echeloncreativemedia.com\/marketvows\/wp-json\/wp\/v2\/media?parent=3625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/echeloncreativemedia.com\/marketvows\/wp-json\/wp\/v2\/categories?post=3625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/echeloncreativemedia.com\/marketvows\/wp-json\/wp\/v2\/tags?post=3625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}