Iraq has agreed with the US to allow oil exports through Hormuz, minister says
Iraq has agreed with the US to allow oil exports through Hormuz, minister says Iraq has reached understandings with the US to allow Iraqi oil exports through the Strait of Hormuz via a shipping lane near Oman, Foreign Minister Fuad Hussein said in an interview with Al Jazeera. He added that Iraq's losses from the Iran war and disruptions to oil exports had reached $60 billion. Hussein also told…
Iraq has reached understandings with the United States to allow Iraqi oil exports through the Strait of Hormuz using a shipping lane near Oman, according to Foreign Minister Fuad Hussein in an interview with Al Jazeera. Hussein stated that Iraq's losses resulting from the Iran war and disruptions to oil exports have reached $60 billion.
According to Al-Monitor, Iraqi oil exports recovered in October following a sharp decline the previous month, rising to approximately 3.5 million barrels per day from 2.65 million barrels per day in September, based on data from Iraqi energy officials.
Middle East Eye reports that the US Treasury has requested Iraq to close all border crossings with Iran except for two, as part of a US policy to increase economic pressure on Tehran. One of these remaining exceptions is located in the Kurdistan region.
Brief written by urgent.news from Middle East Eye, Al-Monitor — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
