### [2026-07-5](/feed/2026/07/5/index.md)

##### Economic impact of the 2026 Iran war
# Seven OPEC+ members agree to raise oil production quotas by 188,000 barrels per day in August, as oil exports through the Strait of Hormuz gradually resume after disruptions linked to the Iran war. 




### Sources:

1. [AFP via France 24](https://www.france24.com/en/live-news/20260705-opec-raises-quotas-again-as-middle-east-calms)

### Related:

1. ["Axios" reports from American officials that Iran and the United States have agreed to halt strikes near the Strait of Hormuz and will hold a Qatar-mediated meeting in Doha on Tuesday. ](/feed/2026/06/28/axios-reports-from-american-officials-that-iran-and-the-united-states-have-agreed-to-halt-strikes-near-the-strait-of-h.md) _Context: Iran, Strait of Hormuz_
2. [Iran's Persian Gulf Strait Authority states that tariffs and insurance will not be collected from ship owners during the 60-day period of the Islamabad Memorandum. However, it also calls for ships to register with it, and requires that a transit request for the Strait of Hormuz must be made 48 hours prior to arrival. ](/feed/2026/06/19/iran-s-persian-gulf-strait-authority-states-that-tariffs-and-insurance-will-not-be-collected-from-ship-owners-during-the.md) _Context: Economic impact of the 2026 Iran war, Strait of Hormuz_
3. [Pakistani prime minister Shehbaz Sharif and United States president Donald Trump announce that Iran and the U.S. have reached an agreement to end the war, extend the ceasefire by 60 more days, and reopen the Strait of Hormuz, with the deal set to be officially signed in Switzerland on Friday. ](/feed/2026/06/14/pakistani-prime-minister-shehbaz-sharif-and-united-states-president-donald-trump-announce-that-iran-and-the-us-have-re.md) _Context: Iran, Strait of Hormuz_
4. [The United States Energy Information Administration reports that Middle Eastern oil producers have reduced output by more than 11 million barrels per day, due to the Strait of Hormuz closure. ](/feed/2026/06/9/the-united-states-energy-information-administration-reports-that-middle-eastern-oil-producers-have-reduced-output-by-mor.md) _Context: Economic impact of the 2026 Iran war, Strait of Hormuz_
5. [Iran's Persian Gulf Strait Authority announces that any passage through the Strait of Hormuz that is not coordinated with it and the Iranian armed forces is "illegal". ](/feed/2026/05/18/iran-s-persian-gulf-strait-authority-announces-that-any-passage-through-the-strait-of-hormuz-that-is-not-coordinated-wit.md) _Context: Iran, Strait of Hormuz_
6. [Saudi Aramco CEO Amin Nasser says that the oil market will not normalize until 2027 if the Strait of Hormuz remains closed beyond mid-June. ](/feed/2026/05/11/saudi-aramco-ceo-amin-nasser-says-that-the-oil-market-will-not-normalize-until-2027-if-the-strait-of-hormuz-remains-clos.md) _Context: Economic impact of the 2026 Iran war, Strait of Hormuz_
7. [Russian foreign minister Sergey Lavrov states that Russia can supply energy to China and other countries affected by disruptions in shipments through the Strait of Hormuz amid the Iran war. ](/feed/2026/04/15/russian-foreign-minister-sergey-lavrov-states-that-russia-can-supply-energy-to-china-and-other-countries-affected-by-dis.md) _Context: Economic impact of the 2026 Iran war, Strait of Hormuz_
8. [COSCO Shipping resumes new container shipment bookings from the Far East to several Gulf countries after Iran allowed non-hostile vessels to pass through the Strait of Hormuz since yesterday. ](/feed/2026/03/25/cosco-shipping-resumes-new-container-shipment-bookings-from-the-far-east-to-several-gulf-countries-after-iran-allowed-no.md) _Context: Economic impact of the 2026 Iran war, Iran, Strait of Hormuz_
9. [Danish shipping firm Maersk says that it is suspending all vessel transits through the Strait of Hormuz until further notice due to the ongoing conflict in the Persian Gulf. ](/feed/2026/03/1/danish-shipping-firm-maersk-says-that-it-is-suspending-all-vessel-transits-through-the-strait-of-hormuz-until-further-no.md) _Context: Economic impact of the 2026 Iran war, Strait of Hormuz_
10. [The Iranian justice ministry seizes a foreign-flagged oil tanker carrying 25,000 barrels traveling through the Strait of Hormuz and detains its sixteen crew members on allegations of carrying illegal items. ](/feed/2025/12/27/the-iranian-justice-ministry-seizes-a-foreign-flagged-oil-tanker-carrying-25000-barrels-traveling-through-the-strait-of.md) _Context: Iran, Strait of Hormuz_