BAGHDAD,— Iraq has reached an agreement with the United States to resume oil shipments through the Strait of Hormuz using a shipping route near Oman, Foreign Minister Fuad Hussein told Al Jazeera.
Hussein said losses linked to the war involving Iran and disruptions to oil exports had reached $60 billion.
Iraq’s oil shipments rebounded in October, climbing to approximately 3.5 million barrels per day, up from 2.65 million barrels per day in September, according to Iraqi energy officials.
The increase followed a sharp decline in exports during the previous month.
(With files from Reuters)
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