[Iraq's ultimatum to OPEC](https://www.marketwatch.com/story/why-iraqs-threat-to-leave-opec-may-be-the-final-nail-in-the-cartels-coffin-07e3463e?mod=mw_rss_topstories) isn't just a quota dispute—it's the structural death of oil price stability. When cartel members stop respecting production ceilings, you don't get cheaper oil. You get *volatile* oil with no floor.

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