He was alluding to the Tehran-backed armed coalition that includes Yemen’s Huthi rebels, Lebanon’s Hezbollah organization, and the Palestinian Islamist party Hamas.
Following the strikes, Israeli Prime Minister Benjamin Netanyahu stated that they “hit Iran’s defence capabilities and missile production”.
Iran’s armed forces stated that the attack killed four military personnel and inflicted “limited damage” to a few radar equipment. According to Iranian media reports, a civilian was also killed.
The eight from the 22-member group extending the cuts are leaders Saudi Arabia and Russia, as well as Algeria, Iraq, Kazakhstan, Kuwait, Oman and the United Arab Emirates.
They have been delaying production increases amid concerns over slowing demand, which has weighed on oil prices in recent months.
Ipek Ozkardeskaya, senior analyst at Swissquote Bank, said the announcement was “the logical next step of the persistent downside pressure on oil prices due to sluggish Chinese and weakening global demand outlook, and ample non-OPEC supply”.
But any boost to oil prices would “unlikely” last unless OPEC+ “takes further measures to restrict production”, Ozkardeskaya told AFP.
And even then, “their restriction strategy hasn’t led to a sustainable rise of oil prices,” she said, adding the grouping now accounted for less than half of the global oil output.
Jorge Leon, an analyst with Rystad Energy, said OPEC+ was awaiting the results of the November 5 US presidential election, which “will have a significant impact on the oil market”.
“I am not so sure who would Opec prefer but a trade war would mean lower demand,” Leon told AFP, adding a trade war was “likely” if Republican Donald Trump wins.
OPEC+ ministers are due to meet in early December in Vienna at the group’s headquarters, but with Sunday’s announcement, the eight countries have already decided not to reopen the taps until at least early 2025.
During the last ministerial meeting in June, OPEC+ had still announced they wanted to increase their production from October, though it has stressed that this decision could be reviewed at any time.