OPEC+ is planning to pause further oil-production quota increases following a final adjustment in September. This decision comes as the group closely monitors the evolving global oil supply dynamics, particularly in light of the ongoing conflict involving Iran.

Two delegates familiar with the matter indicated that the group has decided to halt additional quota hikes after the September adjustment. This move suggests a cautious approach by OPEC+ members as they navigate the uncertainties in the international oil market.

The pause is intended to allow the organization to assess the full impact of the Iran war and other geopolitical factors on oil production and prices before committing to further increases. The group aims to maintain market stability amidst these complex global conditions.