Aerial view of the Strait of Hormuz waterway
Richard Weil, Wikimedia Commons, CC BY-SA 4.0
Prices & Markets·Tuesday, June 9, 2026

OPEC+ Raises July Production Quotas by 188,000 BPD for Fourth Straight Month as Ceasefire Talks Push WTI Below $90

OPEC+ raised July production quotas by 188,000 bpd on June 7, its fourth hike since the Hormuz closure, even as actual group output is down 9.6 million bpd.

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Published by Oil Authority, edited by Adam Humphreys

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