Iraq urges Opec to raise its quota

Iraq is calling on the Organization of the Petroleum Exporting Countries (OPEC) to boost its oil production quota due to the severe damage conflicts have inflicted on its oil industry. As a major oil exporter and founding OPEC member, Iraq's economy relies heavily on oil revenues, which account for nearly 90% of its budget. The recent conflict and its history of wars have further strained its oil production capabilities, making this plea even more urgent as the country seeks to recover economically. This push highlights the broader implications for global oil markets and the economic stability of Iraq.