OPEC+ to weigh bigger hike after Iran strike, delegates say

OPEC+ will consider the option of a larger supply increase when key members meet Sunday after the US and Israel launched an attack on Iran, according to two delegates. 

The group led by Saudi Arabia and Russia was expected to resume modest production increases in April after a three-month supply freeze in an ongoing strategy to reclaim market share, several delegates said earlier this week. 

Their base-case was to raise by 137,000 barrels a day, in line with increments during the fourth quarter, three people said.