Crossword Genius

Cartel founded in Baghdad (4)

Ross

I believe the answer is:

opec

(Other definitions for opec that I've seen before include "Organisation intended to control the production and sale of petroleum" , "price-fixers?" , "Group of oil-producing countries" , "International oil-producing cartel" , "[CRUDE OIL] suppliers?" .)

I've seen this clue in the LA Times.
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