Iraq has signaled it may withdraw from the Organization of the Petroleum Exporting Countries (OPEC) if the cartel refuses to raise its oil production quota.
The threat, reported by Polish business media Puls Biznesu, marks a significant escalation in internal cartel tensions and follows the United Arab Emirates' announcement two months ago that it would exit the group.
Brent crude prices are under pressure from the prospect of a fractured supply agreement.
With Iraq representing a substantial share of OPEC output, a potential departure could disrupt the cartel's ability to manage global supply levels.
The market is now weighing the risk of increased production from Baghdad against the broader uncertainty of a weakened OPEC structure.
The move underscores deepening fractures within the organization as member states prioritize national revenue over collective quota discipline.