Iraq has issued a stern warning regarding its future within OPEC, signaling that the nation may be forced to explore alternative options if it is not granted a substantial increase in its oil production quota. A senior official from the Iraqi oil ministry indicated that the country is currently grappling with a severe financial crisis exacerbated by the fallout of the Iran war. Given these economic pressures, the official stressed that an upward adjustment to their current output limit is not just a request, but a vital necessity that requires immediate and serious attention from the organization.

While rumors have circulated about the possibility of Baghdad exiting the oil cartel entirely, sources close to the matter suggest that leaving the group is not the primary objective at this stage. Instead, the current strategy involves maintaining membership while aggressively lobbying for a more favorable production quota. As the situation develops, Iraqi officials appear committed to exhausting diplomatic negotiations within the framework of OPEC before considering any drastic departures from the alliance.