Iraq and the United States have reached agreements allowing the export of Iraqi oil through the Strait of Hormuz along a route near Oman, Reuters reports citing the country's foreign minister, Fouad Hussein. According to the minister, Iraq's losses due to the war with Iran and supply disruptions reached 60 billion dollars. At the same time, in October the country's oil exports recovered to 3.5 million barrels per day after a sharp drop to 2.65 million barrels in September.

Iraq and the United States have reached agreements allowing the export of Iraqi oil through the Strait of Hormuz along a route near Oman, Reuters reports citing the country's foreign minister, Fouad Hussein. According to the minister, Iraq's losses due to the war with Iran and supply disruptions reached 60 billion dollars. At the same time, in October the country's oil exports recovered to 3.5 million barrels per day after a sharp drop to 2.65 million barrels in September.