OPEC+ Warns of Global Oil Supply Risks Following Energy Infrastructure Attacks

Kathmandu. The Organization of the Petroleum Exporting Countries (OPEC+) warned on Sunday that repairing energy facilities damaged in recent attacks will be 'costly and time-consuming,' potentially impacting future global oil supplies.

"OPEC+ emphasized the critical importance of securing international maritime routes to ensure the uninterrupted flow of energy," the organization stated.

Attacks on infrastructure attributed to Iran and threats against tankers in the Strait of Hormuz have severely restricted exports from the Gulf region.

A statement issued by OPEC+, which includes major oil producers Saudi Arabia and Russia, did not specify how production capacity might change in response to the surge in global energy prices amid the ongoing US-Israel conflict in Iran.

Fuel prices in the global market have seen a sharp increase due to tensions in the Middle East following the joint US-Israel attack in Iran.