Iraq has agreed with the US to allow oil exports through Hormuz, minister says

Iraq has reached understandings with the US 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 added that Iraq's losses from the Iran war and disruptions to oil exports had reached $60 billion. Hussein also told Al Jazeera that the US Treasury has asked Iraq to close all border crossings with Iran except for two as part of Washington's policy of increasing economic pressure on Tehran, with one of the exceptions being in the Kurdistan region.