OPEC+ continues to coordinate output targets and monitor global supply amid the Iran war and elevated shipping costs, with Saudi Arabia, Russia, and other core members reaffirming commitments through recent ministerial meetings and production adjustments into late 2026. The UAE's May exit highlighted internal quota disputes but did not halt the group's operations or prompt broader withdrawals. Traders assign overwhelming probability against dissolution because formal disbandment requires broad consensus that remains absent, while the cartel retains influence over spare capacity and market signals. Potential shifts could stem from additional member exits, sustained policy gridlock, or major diplomatic realignments before year-end, though current evidence points to institutional continuity.