OPEC+ has agreed to increase its oil production quotas by approximately 188,000 barrels per day, effective from August.
The decision marks a strategic pivot for the cartel, which had previously maintained tighter output controls amid fears of supply disruption in the Strait of Hormuz.
The group cited a gradual recovery in exports through the critical chokepoint as the primary driver for the expansion.
The move comes as tensions in the region have eased slightly, allowing tanker traffic to resume more normal patterns.
By adding supply, OPEC+ appears to be betting that the immediate threat of a prolonged shipping blockade has diminished.
This shift could weigh on crude prices, which have traded at a premium due to geopolitical risk over recent months.