Iraq has formally requested that OPEC raise its oil production quota, arguing that the country’s industry has suffered significant damage from past conflicts and the recent regional war.
The oil ministry in Baghdad made the demand, intensifying a standoff with the cartel over output limits.
The move adds to geopolitical pressure on trade routes and supply discipline.
Markets are monitoring the development for signs of OPEC+ fragmentation, which could alter the balance of global supply and support higher energy prices.
The request challenges the cartel’s ability to maintain unified production cuts amid ongoing regional instability.
Iraq’s argument rests on the physical and economic toll of recent hostilities, which have disrupted infrastructure and reduced effective capacity.