OPEC+ has confirmed a plan to increase oil production quotas by 188,000 barrels per day in response to recovering exports through the Strait of Hormuz. This decision, made by seven member countries, comes as oil prices remain near pre-conflict levels and amid concerns about supply stability in the global market. The cartel aims to restore confidence in Gulf shipping and adapt to rapid market shifts, despite some forecasters expressing uncertainty over the pace of supply recovery. The latest increase marks the fifth consecutive month of output hikes as OPEC+ seeks to navigate the complexities of current energy demands and geopolitical tensions.