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LIVE · 14:40 UTC
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Iraq OPEC Hormuz Crisis

Iraq threatens OPEC exit over quotas while Hormuz closure slashes cartel output, driving volatile crude prices amid geopolitical uncertainty.

Opened 2026-07-01Last update 2026-07-06
Market move since start
LCOc1
LCOc1
86.80-9.87%
since 2026-05-25
Pulse
30D intensity · score 3.0
  • Velocity1.0/day
  • Sources0
  • Markets5
  1. AHEADDax poised for quiet start after record close, IG forecasts modest gains

    Traders brace for consolidation as the German benchmark digests its recent surge to 25,809 points, with broker estimates pointing to a stable opening.

  2. EVENTOil prices hold steady as traders weigh OPEC+ supply signals against Hormuz risks

    Brent crude and WTI crude trade in a narrow range while investors monitor stalled US-Iran talks and potential output increases from the cartel.

  3. MARKETNWS.O (NWS.O)

    ▲ 3.25%  close $30.20 from $29.25

  4. MARKETNWS.O (NWS.O)

    ▲ 4.46%  close $29.25 from $28.00

  5. EVENTBasrah crude rebounds 3.5% as oil markets rally on US-Iran uncertainty

    Iraq's key export grade reverses a sharp two-day slide, tracking broader energy gains driven by geopolitical risk premiums and stalled diplomatic talks.

  6. MARKETIraq targets 7 million bpd output in three years, testing OPEC discipline

    Baghdad's aggressive production roadmap adds supply-side pressure to the cartel's balancing act, following recent threats to exit OPEC over quota constraints.

  7. MARKETIraq threatens OPEC exit over quota limits, echoing UAE departure

    Brent crude faces fresh supply-side uncertainty as Baghdad signals it may leave the cartel if production caps are not lifted, compounding existing route risks.

  8. MARKETWTI crude (CLc1)

    ▼ 9.55%  close $84.29 from $93.19

  9. MARKETGold (GCc1)

    ▲ 3.56%  close $4207.90 from $4063.30

  10. MARKETWTI crude (CLc1)

    ▲ 3.55%  close $91.85 from $88.70

  11. MARKETGold (GCc1)

    ▼ 3.86%  close $4100.00 from $4264.60

  12. MARKETNatural gas (NGc1)

    ▼ 4.08%  close $3.22 from $3.36

  13. MARKETGold (GCc1)

    ▼ 3.52%  close $4319.10 from $4476.50

  14. MARKETNWS.O (NWS.O)

    ▲ 3.22%  close $30.78 from $29.82

  15. MARKETWTI crude (CLc1)

    ▼ 3.42%  close $92.91 from $96.20

  16. MARKETNatural gas (NGc1)

    ▲ 3.13%  close $3.36 from $3.25

  17. MARKETWTI crude (CLc1)

    ▲ 3.01%  close $96.20 from $93.39

  18. MARKETWTI crude (CLc1)

    ▲ 5.37%  close $92.47 from $87.76

  19. MARKETNatural gas (NGc1)

    ▲ 8.79%  close $3.30 from $3.04

  20. MARKETWTI crude (CLc1)

    ▼ 4.45%  close $89.41 from $93.57

  21. MARKETNatural gas (NGc1)

    ▲ 5.05%  close $3.04 from $2.89

  22. MARKETWTI crude (CLc1)

    ▼ 3.54%  close $93.57 from $97.00

  23. MARKETWTI crude (CLc1)

    ▼ 8.76%  close $99.08 from $108.59

  24. MARKETNatural gas (NGc1)

    ▲ 3.04%  close $3.12 from $3.02

  25. MARKETWTI crude (CLc1)

    ▲ 3.57%  close $105.66 from $102.02

  26. EVENTOPEC oil production drops over 30% amid Hormuz Strait closure

    The disruption in the Strait of Hormuz is intensifying pressure on global oil markets, with OPEC output falling sharply.