The Globe and Mail reports in its Monday, May 4, edition that OPEC+ agreed on Sunday a modest oil output hike for June, an increase that will remain largely on paper as long as the Iran war continues to disrupt Gulf oil supplies through the Strait of Hormuz. A Reuters dispatch to The Globe reports that seven OPEC+ countries will raise oil output targets by 188,000 barrels a day in June, the third consecutive monthly increase, OPEC+ said in a statement after an on-line meeting. The increase is the same as that agreed for May minus the share of the United Arab Emirates, which left the group on Friday. The move is designed to show the group is ready to raise supplies once the war stops and signals that OPEC+ is pressing on with a business-as-usual approach despite the departure of the UAE from OPEC+, OPEC+ sources and analysts said. "OPEC+ is sending a two-layer message to the market: continuity despite the UAE's exit, and control despite limited physical impact," said Jorge Leon, an analyst at Rystad and former OPEC official. "This is less about adding barrels and more about signaling that OPEC+ still calls the shots." The seven OPEC+ members will meet again on June 7.