What specific action has Iraq indicated it may take if its OPEC oil production quota is not significantly increased?

Iraq has stated it will 'consider all available options' if its OPEC quota is not significantly increased, and sources confirm it has 'weighed leaving the producer group' — though a senior Iraqi oil ministry official clarified that 'it's still premature for this step' and the current plan remains to stay in OPEC while seeking a higher quota.

Why does Iraq argue that a significant increase in its OPEC quota is urgent and justified?

According to a senior Iraqi oil ministry official cited in the report, Iraq is suffering a financial crisis 'as a result of the Iran war', and therefore a significant rise in its OPEC quota 'should be treated seriously'; additionally, Prime Minister Ali al-Zaidi stated Iraq wants OPEC to raise its oil output 'in line with its production capacity and population'.

Iraq to Consider All Options if OPEC Quota Not Raised, Has Weighed Exit, Sources Say

Jun 25, 2026

Iraq warned it may leave OPEC if its production quota is not increased, citing a financial crisis linked to the Iran war. Oil prices fell below $73 per barrel following reports that Baghdad seeks higher output targets.

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