After UAE and Qatar, could Iraq be next to leave OPEC?

🌐 Al-Monitor Middle East (IQ) —
After UAE and Qatar, could Iraq be next to leave OPEC?

AI Summary

Iraq is considering leaving OPEC following the examples of UAE and Qatar amid the effective closure of the Strait of Hormuz. The country seeks a higher oil production quota due to a fiscal crisis caused by slashed oil revenues.

Iraq is seeking a higher production quota as the effective closure of the Strait of Hormuz has slashed oil revenues and plunged the country into a fiscal crisis.

World Politics Markets Commodities Energy Shipping Iraq OPEC oil production Strait of Hormuz fiscal crisis oil revenues

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