OPEC+ holds November output steady amid Iran war export disruptions

OPEC+ has agreed in principle to keep November oil production targets unchanged, according to sources, as Gulf producers continue to export at 60-80% of normal levels due to the US-Israel-Iran war. The conflict has also delayed the group's capacity review for 2027 quotas, adding uncertainty to future supply. The decision signals a cautious approach to a tight but disrupted market.