--- title: "OPEC+ Plans to Pause Production Hikes After September, Stating It Will Assess Impact of Iran War on Supply" type: "News" locale: "en" url: "https://longbridge.com/en/news/294110755.md" description: "According to media reports, OPEC+ plans to raise its September oil production quota by 188,000 barrels per day on August 2, with no further increases planned for the remainder of the year. Representatives stated that uncertainties regarding the scale of supply losses caused by the Iran war have complicated OPEC+'s formulation of production policy" datetime: "2026-07-28T20:34:55.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294110755.md) - [en](https://longbridge.com/en/news/294110755.md) - [zh-HK](https://longbridge.com/zh-HK/news/294110755.md) --- # OPEC+ Plans to Pause Production Hikes After September, Stating It Will Assess Impact of Iran War on Supply As the alliance of oil-producing nations continues to assess the rapidly changing impact of the Iran war on global oil supplies, OPEC+ is expected to pause further increases in production quotas after completing its final hike in September. According to Bloomberg, citing two representatives, OPEC+ currently plans to approve an agreement during an online meeting on August 2 to raise the September oil production quota by 188,000 barrels per day. This increase will complete the current round of production hikes, and OPEC+ has no plans for further increases for the remainder of the year. However, specific arrangements may be adjusted depending on evolving circumstances. For several months, the Organization of the Petroleum Exporting Countries (OPEC) has been gradually increasing the amount of oil member countries are permitted to produce, and in May of this year, it established a roadmap to continue these production increases through September. In reality, however, the Iran war has rendered these production increases largely symbolic, as key Middle Eastern members of the organization have been forced to cut some of their production and exports. During the war, Iran has been attacking oil tankers in the Strait of Hormuz, creating uncertainty about the scale of oil supply losses. This has increased the difficulty for OPEC+ in formulating production policy and further exacerbated oil price volatility. Amid this intermittent conflict, international oil prices have fluctuated sharply. Last week, Brent crude futures briefly surpassed $100 per barrel, but after the United States and Iran reached a ceasefire, oil prices fell for three consecutive days, trading at $82 per barrel at the time of reporting. ### Related Stocks - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [SCO.US](https://longbridge.com/en/quote/SCO.US.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [XLE.US](https://longbridge.com/en/quote/XLE.US.md) - [VDE.US](https://longbridge.com/en/quote/VDE.US.md) - [IXC.US](https://longbridge.com/en/quote/IXC.US.md) - [XOP.US](https://longbridge.com/en/quote/XOP.US.md) - [IEO.US](https://longbridge.com/en/quote/IEO.US.md) - [IEZ.US](https://longbridge.com/en/quote/IEZ.US.md) - [OIH.US](https://longbridge.com/en/quote/OIH.US.md) - [XES.US](https://longbridge.com/en/quote/XES.US.md) - [PXJ.US](https://longbridge.com/en/quote/PXJ.US.md) - [CRAK.US](https://longbridge.com/en/quote/CRAK.US.md) - [ERX.US](https://longbridge.com/en/quote/ERX.US.md) - [ERY.US](https://longbridge.com/en/quote/ERY.US.md) - [DUG.US](https://longbridge.com/en/quote/DUG.US.md) - [MLPA.US](https://longbridge.com/en/quote/MLPA.US.md) - [03175.HK](https://longbridge.com/en/quote/03175.HK.md) - [03097.HK](https://longbridge.com/en/quote/03097.HK.md) ## Related News & Research - [Oil prices rebound by more than $2 a barrel on prospect of tightening US crude supplies](https://longbridge.com/en/news/294128765.md) - [OPEC+ likely to raise oil output targets from September again, sources say](https://longbridge.com/en/news/293646972.md) - [Iran's Tasnim says oil tanker explodes after hitting naval mine in Strait of Hormuz](https://longbridge.com/en/news/293845546.md) - [PCE inflation gauge falls for the first time since the pandemic. The danger is far from over.](https://longbridge.com/en/news/294379781.md) - [Oil prices slip as tankers continue to ply Middle East conflict zones](https://longbridge.com/en/news/294279249.md)