Baghdad Called OPEC's Bluff on the Worst Possible Day

Baghdad Called OPEC’s Bluff on the Worst Possible Day

Strait of Hormuz and Musandam Peninsula from ISS-47, showing the 34-kilometre-wide chokepoint that controls access to the Persian Gulf — NASA/ISS public domain

Iraq threatened to leave OPEC on June 25, the same day an IRGC drone struck a cargo vessel in Hormuz. Saudi Arabia has lost the ability to punish defection. June 26, 2026 DHAHRAN — Iraq’s Oil Ministry threatened on June 25 to withdraw from OPEC if its quota demands are not met — a warning issued on the same day an IRGC drone struck a Singapore-flagged cargo vessel exiting the Strait of Hormuz and the IMO paused its vessel evacuation corridor. The timing was coincidental; the structural collision is not. Conflict Pulse IRAN–US WAR Live conflict timeline → Day 207 … Continue reading Baghdad Called OPEC’s Bluff on the Worst Possible Day

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