(Feb 28): Opec+ will consider the option of a larger supply increase when key members meet on Sunday, after Israel launched airstrikes on targets in Iran, according to a delegate. The group led by Saudi Arabia and Russia was expected to resume modest production increases from April after a three month supply freeze, several delegates said earlier this week. In recent days, Riyadh and some other producers — including Iran — accelerated oil exports. Saudi Arabia, de facto leader of the Organization of the Petroleum Exporting Countries, temporarily surged supply last year amid the US bombardment of Iranian nuclear facilities. While Iran sounded upbeat about the trajectory of the talks, US Trump said on Friday he wasn’t happy with how they were unfolding.

Source: The Edge Markets February 28, 2026 10:08 UTC