Iraq and the United States reached an agreement: oil exports through the Strait of Hormuz

Iraqi Foreign Minister Hussein stated that Iraq has reached an agreement with the United States to allow the export of oil through the Strait of Hormuz.

Iraq has lost up to 60 billion dollars during the Iran war and the interruption of oil exports. In October, oil exports increased from 2.65 million barrels per day in September to approximately 3.5 million barrels per day.