Live: OPEC+ raises oil output again as Strait of Hormuz exports recover

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US-Iran Conflict Live Updates: Iran held emotional funeral prayers for slain Supreme Leader Ayatollah Ali Khamenei in Tehran as tens of thousands of mourners gathered at the Imam Khomeini Grand Mosalla, but his successor, Ayatollah Mojtaba Khamenei, remained absent amid heightened security concerns. State television showed Khamenei's sons Mostafa, Meysam and Masoud praying beside the coffins of their father and four other family members killed in the US-Israeli airstrike that launched the war on February 28. Iranian President Masoud Pezeshkian, Parliament Speaker Mohammad Baqer Qalibaf and senior officials also attended the ceremony, while crowds waved flags, chanted slogans against the United States and Israel, and mourned the slain leader. Authorities extended the farewell ceremony due to the large turnout before a week-long funeral procession across Iran and neighbouring Iraq. The funeral comes as Iran prepares to resume indirect negotiations with the United States under a ceasefire agreement that ended months of war, even as regional tensions remain high. Separately, OPEC+ agreed to raise oil production targets by 188,000 barrels per day from August as the gradual reopening of the Strait of Hormuz eases supply concerns. Analysts said the focus now remains on how quickly tanker traffic, oil exports and global demand recover after months of disruption. Catch all the live updates at Indiatoday.in.

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