Seven OPEC+ producers agreed to raise oil production from August as Gulf exports recover.
WHO:Seven OPEC+ producers
WHAT:Agreed to increase oil production from August
WHEN:Jul 6, 2026 at 6:11 AM ET
WHERE:Location not specified
WHY:The move signals confidence that Gulf exports are recovering after months of disruption and that shipping through the Strait of Hormuz is returning to normal.
How this story developed (showing 3 of 3 earlier reports)