The Globe and Mail reports in its Monday, Sept. 7, edition that OPEC+ kept its oil output policy unchanged for October at a meeting on Sunday, as the producer group needs to agree on new quotas before deciding its next output steps. A Reuters dispatch to The Globe reports that the meeting of seven core OPEC+ members comes as the Iran war continues to disrupt oil exports through the Strait of Hormuz, limiting OPEC+'s influence over prices and market share. Rystad Energy's Jorge Leon says: "OPEC+ currently has very limited power over the physical oil market. The group can change production targets on paper, but it cannot guarantee that those barrels will be produced or actually reach the market. ... The focus now shifts away from monthly production adjustments and towards the much more consequential debate over 2027." OPEC+ still has another layer of production cuts in place, covering most members of the 21-country group until the end of 2026. Before the group decides how to unwind the cuts and return production to the market, it needs to review members' oil production capacity to set 2027 output baselines, which form the basis for quotas. This debate will likely happen later in 2026.