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Iraq Strikes U.S. Deal to Boost Oil Exports Through Hormuz
- Iraq’s crude oil exports are set to increase following a deal that the government in Baghdad struck at the end of last week with the United States.
- The deal will see Iraqi oil transported via the corridor along the coast of Oman, Reuters has reported.
- The information comes from Iraq’s Foreign Minister, who spoke with Al Jazeera, also saying the country has so far lost some $60 billion from the war-related disruption to exports of crude oil.
- Iraq is OPEC’s second-largest oil exporter after Saudi Arabia but, unlike Saudi Arabia,…
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