New Delhi, Feb. 1 -- The Organization of the Petroleum Exporting Countries (OPEC) declared on Sunday its decision to maintain consistent crude oil output levels through March - the final phase of a three-month supply halt-despite prices reaching a four-month peak due to potential US military action against Iran.

Eight major participants, spearheaded by Saudi Arabia and Russia, reconfirmed the suspension - initially established in November 2025 - via a Sunday video summit, according to an official group announcement.

Delegates indicated that deliberations regarding post-quarter strategies were deferred until their upcoming assembly on March 1, as reported by Bloomberg.

The coalition opted for stability even as crude futures exceeded $70...