OPEC+ said in a statement: “Ministers have assessed market conditions and agreed to continue consultations with all OPEC+ countries through a regular meeting mechanism.” They “reiterated the critical importance of safeguarding international shipping lanes and ensuring uninterrupted energy transportation,” and pointed out that current disruptions in energy transportation have driven up shipping and insurance costs, which “are putting additional inflationary pressure on the global economy.”

OPEC+ said in a statement: “Ministers have assessed market conditions and agreed to continue consultations with all OPEC+ countries through a regular meeting mechanism.” They “reiterated the critical importance of safeguarding international shipping lanes and ensuring uninterrupted energy transportation,” and pointed out that current disruptions in energy transportation have driven up shipping and insurance costs, which “are putting additional inflationary pressure on the global economy.”