An increase of 188k barrels per day is neither too big nor too small; the key is the signaling significance—since the UAE left, it’s actually easier for the remaining parties to reach an agreement.

Crypto World News reports that despite navigation disruptions in the Strait of Hormuz, OPEC+ still plans to modestly increase its July oil production target at the June 7th meeting, expected to raise output by approximately 188k barrels per day. Analysts believe that although the UAE's withdrawal has weakened the organization's influence on the market, it may strengthen internal cohesion. Additionally, the two other OPEC+ meetings scheduled for June 7th are not expected to make any policy adjustments.