Some OPEC+ delegates expect the group will agree to resume modest production increases this Sunday regarding April policy, Bloomberg reports

• The group hasn’t yet settled a course of action ahead of its Sunday meeting, three sources said.
• Escalating risks of conflict between the US and Iran are also clouding the outlook.

OPEC+ is leaning towards modest production increases, which could impact oil prices, especially if the agreement materializes amid rising geopolitical tensions involving the US and Iran. This decision may signal a balancing act between managing oil supply and addressing escalating regional risks, potentially affecting market sentiment in the short term.