Oil steady? Strait of Hormuz chaos caps OPEC+ power.

OPEC+ will keep its oil output policy unchanged for October, despite ongoing disruptions in the Middle East. The Iran war continues to disrupt oil exports through the Strait of Hormuz, a critical shipping lane for global crude. This instability is limiting OPEC+'s ability to influence prices and its own market share. The group’s decision reflects a reality where geopolitical risks, not production levels, are driving the market. For now, OPEC+ is holding steady, but its leverage appears weakened by forces beyond its control.