OPEC+ plans no immediate action after Iran urges Israel oil embargo

OPEC+ is not planning to hold an extraordinary meeting or take any immediate action after Iran's foreign minister called members of the Organization of Islamic Cooperation to impose an oil embargo and other sanctions on Israel, two sources from the producer group told Reuters, Report informs.

One of the sources said that the Organization of the Petroleum Exporting Countries (OPEC) was not a political organization.

A scheduled meeting of all OPEC+ ministers is expected on November 26 in Vienna.