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Iraq reaches deal with US for Hormuz oil exports
Iraq has agreed with the U.S. to allow oil exports through the Strait of Hormuz via a shipping lane near Oman. This follows significant disruptions and losses totaling $60 billion since the Iran war.
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Summary
He said Iraq's losses from the Iran war and disruptions to oil exports had reached $60 billion. Iraq's oil exports recovered in October after a sharp drop the previous month.
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