OPEC continues to function through regular ministerial meetings, production quota adjustments, and capacity reviews into late 2026, even after the UAE's May exit and amid the Iran conflict's disruptions to output and spare capacity assessments. Core members including Saudi Arabia and Russia have publicly reaffirmed commitment to the framework for market coordination, while historical precedents show the group adapting to prior departures without collapse. Trader consensus at 96.2% for survival reflects this continuity and the high threshold for formal dissolution, which requires either a majority of remaining members to withdraw or an explicit disbandment agreement. Late developments such as additional coordinated exits by multiple producers or sudden internal fractures could still shift odds before year-end.