AI Brief
- Iraq has secured agreements with the United States to export oil through the Strait of Hormuz using a shipping lane near Oman.
- Foreign Minister Fuad Hussein stated Iraq's losses from the Iran war and export disruptions have reached US$60 billion.
- Iraq's oil exports increased to 3.5 million barrels per day in October, recovering from 2.65 million barrels per day in September.
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 US$60 billion.
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.
