Iraq Reaches Understanding With U.S. To Export Oil Through Hormuz Near Oman

Iraq’s Foreign Minister Fuad Hussein said on November 8, 2026, that Baghdad has agreed with the United States on a way to send Iraqi crude through the Strait of Hormuz, along a shipping lane close to Oman.

Speaking to Al Jazeera, he put the cost of the Iran war and the export disruptions to Iraq at $60 billion.

However, Iraqi energy officials said October shipments recovered to about 3.5 million barrels per day (bpd), compared with 2.65 million bpd in September.

Hussein further said that the U.S. Treasury wants Iraq to shut every border crossing with Iran except two, as Washington turns up economic pressure on Tehran.

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