Report
Iraq reaches understandings with US to allow Hormuz oil exports, foreign minister says
Iraq's foreign minister says understandings with Washington would allow oil exports via a lane near Oman.
TLDR
Foreign Minister Fuad Hussein told Al Jazeera that Iraq had reached understandings with the US to export oil through Hormuz via a shipping lane near Oman. He put Iraq's losses from the Iran war and oil export disruptions at $60 billion. Iraqi energy officials said exports rose from 2.65 million barrels a day in September to about 3.5 million in October.
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