MarketsMay 5, 2026
OPEC+ Hikes Output 188,000 bpd as Hormuz Closure Keeps Oil at $108
OPEC+ will raise output by 188,000 bpd in June, but the Strait of Hormuz closure keeps Brent near $108, up 78% in 2026. J.P. Morgan warns of $150 if disruption persists.