Seven OPEC+ countries agree to modestly expand monthly oil production as prices fall0

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• July 6, 2026

NEW YORK — A handful of countries in the OPEC+ oil-producing alliance plan to modestly increase output next month, which would put more oil on the market after fuel prices have fallen to levels not seen since before the U.S. and Israel’s war with Iran. The Organization of the Petroleum Exporting Countries and its allies,