Iraq says it reached understandings with US to keep oil exports moving through Hormuz
Iraqi Foreign Minister Fuad Hussein told Al Jazeera that Baghdad has reached understandings with Washington to keep Iraqi crude moving through the Strait of Hormuz via a shipping lane near Oman. He put Iraq's combined losses from the Iran war and the export disruptions at $60 billion. Iraqi energy officials said exports recovered in October to about 3.5 million barrels a day, up from 2.65 million bpd in September, after a sharp drop the month before. Reuters could not independently confirm the terms of the arrangement.