Iraq Has Reached Understandings With US To Allow Oil Exports Through Hormuz

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.

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