Iraq backs OPEC, seeks higher quota

Iraq has reaffirmed its dedication to OPEC and is pushing for a higher oil production quota, citing the nation's economic and security needs. This move reflects Iraq's desire to bolster its financial stability and address security concerns by increasing its oil output. The push for a higher quota within OPEC could have broader implications for global oil prices and market dynamics, as Iraq is a significant player in the oil industry. This development underscores the ongoing tensions and economic strategies within OPEC as member nations balance production quotas with national interests.