OPEC+ Increases Oil Output Amid Stalemate in Iran Conflict
OPEC+ has agreed to increase oil production by 188,000 barrels per day in June, but the move has had limited impact on markets as the Strait of Hormuz remains closed. Trump's 'Project Freedom' aims to free stranded ships in the region, but the effort has not significantly affected oil prices or the S&P 500, which saw slight gains.
Topics: oil production OPEC+ Project Freedom shipping lanes Strait of Hormuz U.S.-Iran relations