OPEC+ cuts production by 1.5M barrels/day in response to U.S. export ban

In retaliation to a U.S. oil export ban, OPEC+ will announce a coordinated production cut of 1.5 million barrels per day to stabilize global prices and counter U.S. market manipulation. The action will be framed as a defensive measure to protect member states' revenues.

Implied probability (Yes)

68%