Iraq vs OPEC: Baghdad Wants to Flood World With More Oil, Denies Bloc Exit | LIVE

Iraq has warned it could leave OPEC unless the oil producers' group grants it a significantly higher production quota. Baghdad argues that its current output limits no longer reflect its production capacity or economic needs, as it seeks to increase oil production to finance reconstruction and development. The dispute comes as OPEC debates future production baselines and follows the UAE's exit from the organisation over a similar disagreement. If Iraq, OPEC's second-largest producer and one of its founding members, were ever to leave, it would deal a major symbolic and strategic blow to the cartel. Here's why Iraq is challenging OPEC, how Saudi Arabia fits into the dispute, and what it could mean for global oil markets. Gursshhen Gahllen tells you more. --- Iraq | OPEC | Saudi Arabia | MBS | Firstpost | News Live | World News | Latest News | Global News | International News | News | Trending News #iraq #opec #saudiarabia #firstpost #newslive #worldnews #latestnews #globalnews #news #internationalnews #trendingnews Firstpost is an Indian news and media website. Get all the incisive opinions, in-depth analyses and other visual stories that matter to you and the world right here on this channel. Subscribe to Firstpost channel and press the bell icon to get notified when we go live.    / @firstpost   Follow Firstpost on Instagram:   / firstpost   Follow Firstpost on Facebook:   / firstpostin   Follow Firstpost on X:   / firstpost   Follow Firstpost on WhatsApp: https://www.whatsapp.com/channel/0029... 🎙️ New to streaming or looking to level up? Check out StreamYard and get ₹740 discount! 😍 https://streamyard.com/pal/d/48084697...