OPEC warns that the high costs and lengthy time required for energy facility repairs will impact crude oil supply.

BlockBeatNews · 2026-04-05T13:20:44+00:00

The OPEC+ Committee expressed concern over attacks on energy assets during the US, Israel, and Iran conflicts, emphasizing the importance of safeguarding international maritime shipping lanes. They also pointed out that the costs and time required to repair related facilities could impact supply. Market forecasts show that the probability of WTI crude oil prices exceeding $130 within four months has risen to 51%.

BlockBeatNews

2026-04-05 13:20:44

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BlockBeats News. April 5, according to Reuters, the OPEC+ committee meeting held on Sunday expressed concern about attacks on energy assets during the U.S.-Iran and Iran-U.S. war, saying that repairing the relevant facilities is costly and time-consuming, thereby affecting supply. The statement said: “The committee emphasized that ensuring the safety of international sea lanes is crucial to keep energy flowing without interruption. The committee expressed concern about attacks on energy infrastructure. Restoring damaged energy assets to full-capacity operation is both costly and takes a long time, thereby affecting overall supply capacity.”

According to PolyBeats monitoring, on the prediction market Polymarket, the probability that the WTI crude oil daily closing price will be above $130 within April has risen to 51%, and the probability that it will be above $120 has risen to 80%.

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