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Saturday, November 7, 2026

Iraq says Hormuz oil export disruption cost it $60 billion

 

Iraq has lost approximately $60 billion due to the suspension of oil exports through the Strait of Hormuz, Iraqi Foreign Minister Fuad Hussein said Saturday.

Hussein told Al Jazeera that Iraq had resumed exporting oil through the strategic waterway following understandings reached with Washington and Tehran.

He also said Baghdad was seeking to resolve its differences with Saudi Arabia "through frank dialogue."

Saudi Arabia said a drone attack on its East-West oil pipeline in September originated in Iraq, a finding later confirmed by Iraqi authorities

https://www.iranintl.com/en/202611070380

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