Iraq reaches understandings with US on oil exports through Hormuz
Iraqi Foreign Minister Fuad Hussein told Al Jazeera that Baghdad has agreed with Washington on shipping Iraqi crude through Hormuz near Oman.
- published on Newsmetry
- original source published
the same feed is available to bots and dashboards through the api. connect the api →
what happened
Iraq has reached understandings with the United States that would allow Iraqi oil to be shipped out through the Strait of Hormuz via a lane close to Oman. Foreign Minister Fuad Hussein said so in an interview with Al Jazeera, as reported by Reuters.
He also said Iraq's losses from the Iran war and disruptions to its oil exports have reached $60 billion.
why it matters
The Strait of Hormuz remains one of the world's key routes for oil supply, so a restart of Iraqi exports through it matters for the supply balance. The information comes from a minister and has not yet been backed by details on timing or volumes.
market impact
Oil: a possible return of Iraqi volumes via Hormuz is mild pressure on Brent
- Brent pressure down — resumed Iraqi shipments through Hormuz would add to market supply
tags
instruments
on polymarket
sources
- Iraq has reached understandings with US to allow oil exports through Hormuz, minister says — Reuters, 8 November 2026 at 19:08 UTC
- Iraq has reached understandings with US to allow oil exports through Hormuz, minister says — Reuters, 8 November 2026 at 19:23 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
alerts on your topics, the morning digest and the api — in your account.
get stories in real time ↗