OPEC+ approves fourth straight oil output hike, raises July targets by 188,000 bpd
OPEC+ agreed to a fourth consecutive oil production target increase of 188,000 barrels per day from July, despite ongoing US-Iran conflict disruptions.
This decision comes as major Gulf producers struggle to meet demand due to export issues through the Strait of Hormuz.
Airline Profits Halve Amid Middle East Crisis
- Airline profits expected to halve in 2026 due to 70% increase in jet fuel prices: IATA The Straits Times —
- Air France-KLM CEO on Fuel Prices and Gulf Flights Bloomberg —
- Air fare rises ‘inevitable’ as airlines face extra $100bn jet fuel bill this year The Guardian —
- Global airlines slash 2026 profit forecast on fuel shock from Iran war - Reuters Reuters —
- Air France-KLM CEO Discusses Resuming Gulf Flights 📹 Bloomberg — · 9min