Photo caption: OPEC
OPEC+ warned on Sunday that repairing energy facilities damaged in recent attacks “is both costly and takes a long time,” potentially hitting global oil supplies well into the future.
Its statement also stressed “the critical importance of safeguarding international maritime routes to ensure the uninterrupted flow of energy.”
Iranian attacks on infrastructure and threats against tankers in the Strait of Hormuz have badly restricted exports from the Gulf region.
The statement from the oil cartel, which includes key oil producers Saudi Arabia and Russia, did not address whether production quotas might shift in response to spiking global energy prices amid the US-Israeli war in Iran.
Details later…
=== AFP ===
