Iraq Could Quit OPEC in Bid to Pump More Oil

Iraq, OPEC's second-largest producer, is contemplating leaving the cartel if OPEC doesn't agree to raise its oil production quota to match other members. This move would allow Baghdad to increase its oil exports, aiming to make up for production and sales losses since the war's start. This potential exit could significantly impact global oil markets, as Iraq's increased output could further strain OPEC's influence and alter the balance of supply and demand. The implications are huge, not just for Iraq but for the entire global oil industry.