Get the latest crypto news, updates, and reports by subscribing to our free newsletter.
Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
© 2026 Index.vn
Today the 16th National Assembly opened the First Session, an especially important milestone marking the start of a new term for Vietnam’s People’s Representatives and the country’s highest state body. The session focuses on instituting and consolidating the state apparatus in line with the Constitution, while also institutionalizing the resolutions…
Leading oil-producing nations have raised output for the second consecutive month amid the ongoing conflict in the Middle East.
After the April 5 meeting, OPEC+ agreed to raise its production quotas by an additional 206,000 barrels per day in May, a rise that matches April.
While the quota adjustment marks a continued willingness to add supply, the increase is described as modest and largely symbolic on paper because several key members are struggling to lift production.
In the Gulf region, infrastructure has been damaged by rocket and drone attacks. Some officials say that even if fighting ends and the Hormuz Strait is reopened, it would still take several months to restore operations and reach production targets.
The conflict has nearly blocked the Hormuz Strait since late February, choking export routes for several OPEC+ members including Saudi Arabia, the UAE, Kuwait and Iraq—countries viewed as having the strongest capacity to raise output before the disruption.
Other OPEC+ members, including Russia, are also unable to increase production due to Western sanctions and infrastructure damage linked to the Ukraine conflict.
“The reality is that the oil being added to the market is very little. When the Hormuz Strait remains closed, OPEC+'s production increase is of little meaning,” said Jorge León, a former OPEC official who now works at energy consultancy Rystad Energy.
The May increase amounts to roughly 2% of the oil shortfall caused by the closure of Hormuz. Reuters sources also say the decision signals that OPEC+ is prepared to raise output as soon as the waterway reopens.
Last weekend, Iran stated that Iraqi vessels were allowed to pass through Hormuz. Transport data on April 5 showed that an Iraqi crude oil tanker had passed through the strait.
JPMorgan last week forecast oil prices could exceed $150 per barrel—described as the highest on record—if energy flows through Hormuz remain disrupted through mid-May.
Iran is one of 22 OPEC+ members. The group has reduced production since 2022 to curb oversupply and suppress prices. Since April 2025, OPEC+ output has gradually increased to regain market share from rivals such as the United States. To date, the group has increased production by 2.9 million barrels per day.
— Ha Thu, according to Reuters
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
