OPEC+ may consider a larger-than-planned output increase of 411,000 barrels per day at a meeting on Sunday, Reuters said quoting two sources close to the talks.

This follows Saudi Arabia and the UAE raising exports in anticipation of possible disruption to oil markets from US-Israeli strikes on Iran carried out on Saturday.

Eight members of OPEC+, which groups the Organization of the Petroleum Exporting Countries and allies - Saudi Arabia, Russia, the UAE, Kazakhstan, Kuwait, Iraq, Algeria and Oman - were already scheduled to meet on Sunday at 1100 GMT.

Despite expectations that oversupply would weigh on the market, oil prices have risen this year on fears that a conflict between Iran and the US would disrupt Middle East supply through the Strait of Hormuz. Oil hit $73 a barrel on Friday, the highest level since July.

Delegates had earlier said the eight countries would likely agree to a modest increase of 137,000 barrels per day in oil output for April, as the group readies for summer demand, led by the US driving season, and as crude prices had already risen on expectations of a US attack on Iran.