Global oil prices in trading on Monday, 15 Tir 1405, after OPEC+’s decision to increase production again, saw a slight decline. At the same time, higher oil exports from countries along the Persian Gulf via the Strait of Hormuz have reduced the market’s concern about a supply shortage. Reuters reports that the price of Brent crude fell by 24 cents to $71.88 per barrel, and U.S. West Texas Intermediate (WTI) crude also dropped by 11 cents to $68.58.