OPEC+ will decide tomorrow whether to increase its supply again, despite a drop in supplies due to the war in Iran.

The OPEC+ alliance, led by Saudi Arabia and Russia, is scheduled to meet this Sunday in Vienna to determine whether to increase its oil supply starting in September. If approved, this would mark the sixth consecutive month that the group has authorized an increase in its production levels.

The decision comes despite ongoing concerns regarding global supply constraints. The alliance is currently navigating a market environment where oil supplies remain affected by the conflict in the Middle East, specifically noting the impact of the war involving Iran.