OPEC+ Keeps October Output Flat as Brent Spikes After Persian Gulf Strikes

1 articles · Updated · The New York Times · Sep 6

OPEC+ left October production unchanged, marking its first decision since April not to announce another monthly output increase.
Brent crude had jumped sharply after fighting resumed in the Persian Gulf, ending a monthlong lull and further disrupting an oil market already scrambled by the war in Iran.
Seven countries — Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman — backed the move, saying they would maintain September 2026 required production levels for October.
The group’s earlier monthly increases were largely symbolic, intended to signal business as usual even as conflict interrupted exports and heightened supply risks.
Fresh escalation included U.S. strikes on Iranian rocket and sea-mine sites near the Strait of Hormuz, followed by Iranian missile and drone attacks and a U.S. strike on three Iranian oil tankers.