Oil tanker Al Shaffiah sails at the sea near the Omani coast, as seen from Musandam, Oman, June 26, 2026. REUTERS/Stringer
Nov 8 (Reuters) – Iraq has reached understandings with the United States 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 said Iraq’s losses from the Iran war and disruptions to oil exports had reached $60 billion.
Read Also: Iraq Shifts Oil Strategy By Arranging Tanker To Move Past Hormuz
Iraq’s oil exports recovered in October after a sharp drop the previous month. Exports rose to about 3.5 million barrels per day from 2.65 million bpd in September, according to Iraqi energy officials.
(Reporting by Ahmed Rasheed; Editing by Nia Williams)
(c) Copyright Thomson Reuters 2026.
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