Opec+ is set to approve a modest increase in oil output targets by 188,000 barrels per day for June, marking the third consecutive monthly increase. However, this decision is largely symbolic as the ongoing US-Iran war, which began on February 28, continues to disrupt oil supplies through the Strait of Hormuz, a crucial shipping route. The seven Opec+ members involved in this decision include Saudi Arabia, Iraq, Kuwait, Algeria, Kazakhstan, Russia, and Oman. The departure of the United Arab Emirates from Opec+ complicates the group's dynamics, leaving 21 members, including Iran, but recent decisions have mainly involved these seven nations. The conflict has caused significant reductions in oil exports from Saudi Arabia, Iraq, and Kuwait, pushing oil prices to a four-year high above $125 per barrel. Analysts warn of potential jet fuel shortages and rising global inflation in the coming months as the disruption continues.