VIENNA (AP) — Seven countries in the OPEC+ grouping of oil-producing countries — including Saudi Arabia and Russia — say they've decided to a modest increase in production starting in June as part of a commitment to “market stability.”
The commitment from the seven countries, also including Algeria, Iraq, Kazakhstan, Kuwait and Oman, to raise production by 188,000 barrels per day comes after a virtual meeting they held on Sunday.
The move is mostly symbolic because it comes as Iran blocks the Strait of Hormuz at the mouth of the Persian Gulf, where about a fifth of the world’s trade in oil and natural gas typically passes, in the midst of the U.S.-Israeli war. That has stopped much of the oil shipped from Gulf producers and knocked millions of barrels a day off the global market.
It also follows a decision by the United Arab Emirates to leave the OPEC oil cartel, shaking up the 65-year-old alliance that produces some 40% of the world’s crude oil and exerts major influence over the price of energy around the globe.
Iran is one of OPEC's 12 member countries, and Russia is not — it works with the Vienna-based oil producers alliance through the OPEC+ grouping.
The seven countries said they would hold monthly meetings “to review market conditions, conformity, and compensation” and plan to meet again on June 7.
FILE - The logo of the Organization of the Petroleum Exporting Countries (OPEC) is displayed outside of OPEC's headquarters in Vienna, Austria, Thursday, March 3, 2022. (AP Photo/Lisa Leutner, File)
Cargo ships are seen at sea near the Strait of Hormuz, as viewed from a rocky shoreline near Khor Fakkan, United Arab Emirates, Friday, May 1, 2026. (AP Photo/Fatima Shbair)
Twenty years after the original, the sequel to “The Devil Wears Prada” made a splash in its first weekend in theaters. Driven largely by women, “The Devil Wears Prada 2” earned $77 million in the U.S. and Canada, and $156.6 million internationally, according to studio estimates Sunday. It easily topped the box office and bumped “Michael” to second place, though the musical biopic held well in its second weekend, falling only 44%.
The Walt Disney Co.’s 20th Century Studios opened “The Devil Wears Prada 2” in 4,150 locations in North America. Women made up about 76% of the ticket buyers, according to PostTrak exit polls; 74% said they would “definitely recommend” the movie to friends. Critics were a bit mixed on the sequel, which finds Anne Hathaway’s Andy Sachs working once more for Meryl Streep’s Miranda Priestly at the fictional “Runway” magazine in a much-depleted media landscape.
The movie cost a reported $100 million to produce — a significant boost from the first movie’s $35 million production budget. But as filmmaker David Frankel told The Associated Press recently, “As it turns out, you know, by the time you finish paying all the biggest movie stars in the world, you still end up with basically the same budget for making the movie as we did the first one.”
Stars Streep, Hathaway, Emily Blunt and Stanley Tucci have been on a fashion-forward global publicity blitz for weeks, with glamorous stops in Tokyo, London and New York. Even Anna Wintour, the inspiration for the Prada-clad devil, has been involved this time, appearing with Hathaway on the Oscars stage and with Streep on the cover of “Vogue.”
The first movie opened in June 2006 and would go on to earn over $326 million worldwide, not adjusted for inflation. And perhaps more importantly, it firmly became part of the culture thanks in part to its ever-quotable likes (“gird your loins,” “groundbreaking,” “that’s all”). Legacy sequels are never a sure thing, but this time anticipation was high: According to Nielsen, streaming viewership for “The Devil Wears Prada” was up 428% from March 2026 to April 2026.
Second place went to Lionsgate’s Michael Jackson biopic “Michael,” which made $54 million in its second weekend in North America, where it’s playing on 3,955 screens. Its running worldwide total is already $423.9 million. Universal Pictures is handling the international release.
This weekend marks the start of Hollywood’s summer movie season, a crucial 18-week corridor that runs through Labor Day and often accounts for around 40% of the annual box office. There are often Marvel blockbusters programmed as the season's kickoff, but the combined power of “The Devil Wears Prada 2” and “Michael” wasn't a shabby substitute.
“This is a really solid weekend,” said Paul Dergarabedian, the head of marketplace trends for Comscore. “It’s this irresistible combination that more than makes up for the fact that there’s not a Marvel movie to kick off the summer movie season.”
“Prada” alone actually did better business than last year’s summer kickoff Marvel movie, “Thunderbolts.” There were several other new films in theaters this weekend as well, including the Adam Scott-led horror movie “Hokum,” Andy Serkis’s animated adaptation of “Animal Farm” and the Aaron Eckhart- and Ben Kingsley-led survival movie “Deep Water.”
They all opened behind “The Super Mario Galaxy Movie,” which made $12.1 million in its fifth weekend, and “Project Hail Mary,” which made $8.6 million in its seventh weekend.
In the top four movies, Dergarabedian has noticed a trend: “Over the past couple of months, moviegoers have really embraced pure, escapist entertainment,” he said.
Meryl Streep, from left, Emily Blunt, Stanley Tucci, and Anne Hathaway attend "The Devil Wears Prada 2" world premiere at David Geffen Hall on Monday, April 20, 2026, in New York. (Photo by Evan Agostini/Invision/AP)
Meryl Streep, from left, Anne Hathaway, Stanley Tucci, and Emily Blunt pose for photographers upon arrival at the premiere of the film 'The Devil Wears Prada 2' on Wednesday, April 22, 2026, in London. (Photo by Scott A Garfitt/Invision/AP)
