Iraq Threatens to Leave OPEC Over Quota Dispute

A senior official from Iraq's oil ministry stated that the country will be forced to evaluate all available options, including a possible exit from OPEC, if its production quota within the group is not materially raised. The statement was reported by Reuters.

Iraq, one of OPEC's largest crude producers, has historically chafed at output limits imposed by the cartel. A departure could disrupt OPEC+ supply agreements and put downward pressure on global oil prices.