Iraq Threatens to Leave OPEC, Challenging Cartel's Control

Iraq, OPEC's second-largest oil producer, has reportedly threatened to leave the organization, potentially signaling a major challenge to the cartel's control over global oil markets. This move could lead to significant shifts in oil prices.

25 Jun, 22:29 — 25 Jun, 22:29

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marketwatchMostly Factual16d ago

A world rejecting OPEC controls could usher in oil below $50 a barrel

Iraq’s hint that it could exit OPEC is yet another source of potential tumult for the global oil market in 2026.

By Myra P. Saefong

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First report: hotnews · 25 Jun, 11:47|Full coverage: 2 · 11h|Window: 11h

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hotnews25 Jun, 11:47First to report

Al doilea cel mai mare producător de petrol din OPEC amenință în culise că va părăsi grupul

11h later

marketwatch25 Jun, 22:29Latest update

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Iraq Threatens to Leave OPEC, Challenging Cartel's Control

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A world rejecting OPEC controls could usher in oil below $50 a barrel

Coverage Timeline

Al doilea cel mai mare producător de petrol din OPEC amenință în culise că va părăsi grupul

A world rejecting OPEC controls could usher in oil below $50 a barrel

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