OPEC+ Sticks With Supply Pause Even as Oil Climbs on Iran

OPEC+ ratified plans to keep production steady in March — the last part of a three-month supply freeze, even after prices hit a four-month high on the prospect of a US strike against Iran.

Eight key members led by Saudi Arabia and Russia reaffirmed the pause — first agreed in November — during a video conference on Sunday, the group said in a statement. Delegates said they left the question of what to do after the first-quarter hiatus expires for their next meeting, scheduled for March 1. They asked not to be identified as the talks are private.