BusinessPhoto: Deccan HeraldIraq and US Agree on Oil Exports via Strait of Hormuz
Iraq has reached an agreement with the United States to allow its oil exports through the Strait of Hormuz using a shipping lane near Oman, said Foreign Minister Fuad Hussein. Iraq suffered $60 billion in losses from the Iran war and export disruptions. Iraqi oil exports rebounded to 3.5 million barrels per day in October from 2.65 million in September.
Deccan Herald·



