OPEC+ countries, including Saudi Arabia, Russia, and Iraq, have reaffirmed their commitment to market stability even as oil prices tumbled to their lowest this year, falling over 2% amid plans to boost crude production by 2.2 million barrels per day starting in April. This decision marks the first output increase since 2022, raising concerns about the overall health of the oil market. Analysts suggest that while the production hike aims to address current supply challenges, it may further contribute to ongoing market fluctuations. Energy shares are also seeing declines as traders react to the news, with expectations of a long-delayed supply restart amid pressures from political factors, including tariffs and sanctions.