Iraq reaches understandings with United States to export oil through Hormuz

Updated

Iraq has reached understandings with the United States that 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, as reported by Reuters. Hussein said Iraq's losses from the Iran war and disruptions to oil exports had reached $60 billion. Iraq's oil exports recovered in October to about 3.5 million barrels per day, up from 2.65 million in September.

Sources:Al-Monitor (Iran desk)

1 outlet · 1 article · first seen Nov 8, 3:00 PM ET

What this touches in markets

Stored closes for the instruments tied to this story's tags and places, with their dates.

WTI Crude Oil closed at 86.45, down 0.46%, on 2026-11-10. Listed for: Persian Gulf / Strait of Hormuz.
Brent Crude Oil closed at 92.06, down 0.55%, on 2026-11-10. Listed for: Persian Gulf / Strait of Hormuz.

WTI Crude Oil rose 0.34% to 90.83 on 2026-11-06, inside half of its own 60 session daily standard deviation. Same session, a stored story tagged Persian Gulf / Strait of Hormuz: Iraq reaches understandings with United States to export oil through Hormuz Stored for the 2026-11-09 session.

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Iraq has reached understandings with US to allow oil exports through Hormuz, minister says Al-Monitor (Iran desk)

What this touches in markets

Every source article

Corroborated by 56 outlets (GDELT)

What this touches in markets

Every source article

Corroborated by 56 outlets (GDELT)