OPEC+ Will Raise Production in April Amid Fears of Crude Price Spike

Major oil producing nations have pledged to raise production starting in April. The move comes amid fears that conflict in Iran, which has choked off the critical Strait of Hormuz energy shipping route, could force crude prices to jump to $100 a barrel.The Organization of the Petroleum Exporting Countries and its allies met Sunday and agreed to raise output by 206,000 barrels a day next month, adding in a statement that they would "continue to closely monitor and assess market conditions."The group, led by ...