Iraq has warned it could consider leaving OPEC if the group does not significantly raise its oil production quota, as the country faces mounting economic pressure after disruptions to exports through the Strait of Hormuz. While Baghdad says remaining in OPEC is its preferred option, officials argue a higher quota is essential and should reflect Iraq's production capacity. An Iraqi exit would be a major blow to OPEC, given the country is the group's second-largest producer and a founding member. Source: Reuters