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Iraq has reached understandings with US to allow oil exports through Hormuz, minister says

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Nov 8 (Reuters) - ‌Iraq has reached ​understandings with the United ⁠States to allow Iraqi oil exports through ​the Strait of Hormuz via ‌a shipping lane near Oman, Foreign Minister Fuad ⁠Hussein said in ⁠an interview with Al Jazeera.

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. Exports rose to ‌about 3.5 ⁠million barrels per day from 2.65 million bpd ​in September, ‌according to Iraqi energy ⁠officials.

(Reporting by ​Ahmed Rasheed; Editing by ​Nia Williams)

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