New Delhi, July 6 -- how many barrels of oil could actually move out of the Persian Gulf. Saudi Arabia could set a quota; the Strait of Hormuz determined what reached the market. On Sunday, seven members of the alliance put another small piece of the old order back in place.

Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman agreed to raise combined output by 188,000 barrels per day starting in August, the fifth consecutive monthly production increase the alliance has announced since Iran and the United States reached a ceasefire framework in June. Under the new allocation, Saudi Arabia and Russia will each add 62,000 barrels per day; Iraq takes 26,000; Kuwait 16,000; with Kazakhstan, Algeria, and Oman dividing the remaini...