OPEC+ Delays Oil Capacity Review Amid Iran Conflict Uncertainty

OPEC+ has delayed its review of oil production capacity after the US-Israeli war on Iran disrupted expansion plans across the Middle East.

The review, which is crucial for determining members' 2027 oil output quotas, was initially set to be completed by the end of September 2026 but will now likely finish by mid-November.

The delay has put estimates of future production potential into uncertainty, as projects to boost capacity in some OPEC+ countries have been delayed or stalled due to the conflict.

This complicates the production capacity assessment for OPEC+, which aims to provide an independent estimate of how much oil each member can produce sustainably.