World · Middle East · 16 hrs ago

Iraq and US reach understanding to resume oil exports through Hormuz

Iraq and US reach understanding to resume oil exports through Hormuz

Iraq has reached an understanding with the US to resume oil exports through the Strait of Hormuz, according to Iraq’s foreign minister.

The strait is the route named for the planned exports.

The understanding concerns restarting Iraq’s oil shipments through that route.

The announcement does not say when exports will resume or explain the terms of the understanding.

A restart would allow oil exports through the strait to resume, but no expected volume or wider impact is given.

The next step is for exports to resume, though no schedule is stated.

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