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On June 26 (local time) Iraq’s oil ministry said OPEC has begun gradually restoring Iraq’s oil production quota to levels before the outbreak of the US‑Israel‑Iran conflict. On June 25 an oil ministry official warned Iraq might consider leaving OPEC

2026-06-27

On June 26 (local time) Iraq’s oil ministry said OPEC has begun gradually restoring Iraq’s oil production quota to levels before the outbreak of the US‑Israel‑Iran conflict. On June 25 an oil ministry official warned Iraq might consider leaving OPEC if its crude quota was not significantly increased; the ministry later issued a statement denying that Iraq was considering an exit from OPEC.

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2026-06-27

U.S. President Trump said no one now wants to be Iran's leader, saying people ask "Who wants to be president?" and everyone replies "No, thank you."

U.S. President Trump said no one now wants to be Iran's leader, saying people ask "Who wants to be president?" and everyone replies "No, thank you."
2026-06-27

U.S. crude oil futures settled at $69.23 a barrel, down $2.69, or 3.74%.

U.S. crude oil futures settled at $69.23 a barrel, down $2.69, or 3.74%.
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