OPEC+ holds December output steady as Iran war disrupts supply

· Energy · Saudi Arabia · Iran

OPEC+ held December oil output targets steady as the Iran war disrupts supply, according to a report. The decision came after the group had agreed in principle to hold output steady. Separately, Pakistan negotiated with Iran to secure safe passage for the liquefied natural gas carrier Al Mayeda before the ship was attacked near the Strait of Hormuz on Friday, according to people familiar with the matter. The attack highlights the risks to energy shipping in the region.

Why it matters：Steady output and attacks on tankers keep oil markets sensitive to any escalation in the Gulf.

Key points

  • OPEC+ kept December targets unchanged
  • Pakistan secured Iran's approval for an LNG carrier before an attack
  • The Al Mayeda was attacked near the Strait of Hormuz

Sources (original reporting)

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