Business

Iraq's Hint to Exit OPEC Could Lower Oil Prices

Updated 2026-06-25 22:40 UTC 1 source Negative

Iraq’s potential exit from OPEC could lead to a significant drop in global oil prices, possibly below $50 a barrel. This move adds to the volatility of the global oil market.

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MarketWatch

A world rejecting OPEC controls could usher in oil below $50 a barrel

Iraq’s hint that it could exit OPEC is yet another source of potential tumult for the global oil market in 2026.

2026-06-25 22:29 UTC