UPDATE 1-OPEC+ agrees in principle to keep oil output pause for March, sources say ...Middle East

OPEC+ has agreed in principle to keep its planned pause on oil output increases for March when ⁠it meets later on Sunday, according to three delegates and a draft statement seen by Reuters, even after crude prices hit six-month highs on concern the U.S. could launch a military strike on OPEC member Iran. The meeting of eight OPEC+ members comes as Brent crude closed ​near $70 a barrel on Friday, close to the six-month high of $71.89 reached on Thursday, despite speculation that a supply glut in 2026 ‍would push prices down.

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