OPEC+ warns of cost of repairing energy assets in middle east

Eight countries forming the core of the OPEC+ group have expressed concern over Iran's attacks on energy infrastructure as oil shortages persist amid the war in the Middle East. They stated that restoring damaged energy assets is costly and time-consuming, affecting overall supply availability. The group also announced an increase in oil production by 206,000 barrels per day in May, although this is more symbolic than practical due to the blockade of the Strait of Hormuz.