OPEC extends crude oil production pause amid geopolitical tension
The Organization of the Petroleum Exporting Countries (OPEC) declared on Sunday its decision to maintain consistent crude oil output levels through March — the final phase of a three-month supply halt—despite prices reaching a four-month peak due to potential US military action against Iran.
Eight major participants, spearheaded by Saudi Arabia and Russia, reconfirmed the suspension — initially established in November 2025 — via a Sunday video summit, according to an official group announcement.
