Economy
Iraq and US Agree on Oil Exports Through Strait of Hormuz
BBC · yesterday · Read the Full Story on BBC
AI SUMMARY
Iraq has reached an agreement with the United States to continue exporting oil through the Strait of Hormuz following export disruptions caused by conflict involving Iran.
- Iraqi Foreign Minister Fuad Hussein stated that Iraq reached an agreement with the United States to continue exporting oil through the Strait of Hormuz.
- Iraq lost $60 billion due to disruptions in oil exports caused by the conflict involving Iran.
- Iraq's daily oil export volume increased from 2.65 million barrels in September to 3.5 million barrels in October.
- The U.S. Department of the Treasury requested that Iraq close all border crossings with Iran to increase economic pressure on Tehran.
- Two border crossings with Iran were permitted to remain open, including one located in the Kurdistan region.
Related
Ministry of Revenues Drafts Directive to Correct Tax Notice Errors
TIKVAH Ethiopia · 6 hours ago
NBE's New Liquidity Rules Open Path Towards Islamic Treasury
BirrMetrics · 7 hours ago
NBE to Auction 140 Million US Dollars as Bank Demand
BirrMetrics · 7 hours ago
Türkiye Targets $2 Billion from COP31 as Ethiopia Prepares for COP32
BirrMetrics · 8 hours ago