Brent Crude Retreats to $75/BBL After OPEC+ Surprise Output Increase Agreement

Brent crude fell sharply from $112 to $75/barrel through June 2026 after OPEC+ members agreed to a coordinated 1.8 million b/d production increase, the largest in five years. The price correction significantly reduces energy cost pressure on global food supply chains. Feed transport and cold chain costs expected to normalise in H2 2026.