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Iraq Oil Route Deal with U.S.

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Iraqi Foreign Minister Fuad Hussein told Al Jazeera that Iraq has reached understandings with the United States to allow Iraqi oil exports through the Strait of Hormuz via a shipping lane near Oman. Hussein said Iraq's losses from the Iran war and oil-export disruptions reached $60 billion. Iraqi oil exports recovered in October to about 3.5 million barrels per day from 2.65 million in September, according to Iraqi energy officials cited by Reuters.

The Strait of Hormuz is a critical oil chokepoint, and war-related disruptions have hurt Iraq's oil revenue. Iraq appears to be seeking U.S. help to keep crude flowing and limit further economic damage.

Kyle Larson clinched the 2026 NASCAR Cup Series championship — his third title and second straight — with a fourth-place Stage 1 finish at Homestead-Miami Speedway on Sunday. Ryan Blaney won the race.

Iraqi Foreign Minister Fuad Hussein said Iraq has reached understandings with the U.S. to allow Iraqi oil exports through the Strait of Hormuz via a shipping lane near Oman, and that Iraq's losses from the Iran war and export disruptions reached $60 billion. Iraqi oil exports recovered to about 3.5 million barrels per day in October.

Fact-check

VERIFIED TRUE

Kyle Larson clinched the 2026 NASCAR Cup Series championship — his third title and second straight — with a fourth-place Stage 1 finish at Homestead-Miami Speedway on Sunday. Ryan Blaney won the race.

Kyle Larson clinched his third Cup Series title in six years early in the 400-mile season finale at Homestead-Miami Speedway on Sunday. https://t.co/TqGHXi8QfX https://t.co/bfwlaxr5bG

Original post · @CNN

[nascar.com](https://www.nascar.com/news-media/2026/11/08/kyle-larson-claims-third-cup-title-after-a-chase-run-for-the-ages/) NAMES: Kyle Larson = NASCAR driver

VERIFIED TRUE

Iraqi Foreign Minister Fuad Hussein said Iraq has reached understandings with the U.S. to allow Iraqi oil exports through the Strait of Hormuz via a shipping lane near Oman, and that Iraq's losses from the Iran war and export disruptions reached $60 billion. Iraqi oil exports recovered to about 3.5 million barrels per day in October.

Iraq has reached understandings with US to allow oil exports through Hormuz, minister says https://t.co/cHdOSLpDff

Original post · @Reuters

[investing.com](https://www.investing.com/news/economic-indicators/iraq-has-reached-understandings-with-us-to-allow-oil-exports-through-hormuz-minister-says-501

Sources

What the hosts said

BIraq says it has an understanding with Washington to keep its crude moving through the Strait of Hormuz.
BReuters on X has Iraq's foreign minister, Fuad Hussein, saying the route would run near Oman.
BThat's one of the most important chokepoints in the global oil trade.
BWhich means they're trying to dodge the fight, not end it.
BHe says Iraq has lost sixty billion dollars since the war with Iran hit.
BThat's not just government money. That's services, salaries, the currency.
BIraq lives or dies on oil revenue.
BIt's almost total dependency, and that makes a bad year catastrophic.
BSo I get why Baghdad is desperate. Desperation can make people agree to bad terms.
BOr terms they can actually live with.
BExports have bounced back to about three and a half million barrels a day in October, up from two point six five million in September.
BWhich is exactly why Washington wants this lane to stay open.
BWants it open, fine. But an 'understanding' is not a policy.
BIt might be exactly what it sounds like: a shipping lane near Oman, with American coordination.
BSo the U.S. Navy becomes the security guard for Iraqi crude.
BBetter than letting a fifth of the world's oil get stuck behind a war.
BNo one is arguing for a shutdown. I'm asking what we promised.
BThe minister didn't release the details. That doesn't mean there are none.
BRight, it means the headline is doing more work than the deal.
BThat's a little unfair. You don't negotiate an oil corridor in a press release.
BThen let's not call it a deal until we know what it is.
BYou'd rather the administration say nothing while prices swing?
BI'd rather the administration say the terms before a foreign minister does.
BThat's a fair hit. But the core idea—keep crude moving—is not some reckless promise.
BI'll concede the recovery number. It matters. The rest still feels vague.
BMaybe because the situation changes every day. A flexible understanding might be the point.
BOr it might be a way to avoid a real security commitment.
BThen let's be glad someone in Baghdad and Washington is at least talking about it.
BTalking, yes. Delivering? Show me the shipping lane.
BWe'll see. For now, the oil is moving, and that's better than the alternative.
BI hate it when you're right about the price of gas.
BI live to serve.
BDifferent world entirely: CNN posted on X that Kyle Larson has locked up his third Cup Series title.
BWait, in the season finale? I thought the race was still up for grabs.
BHe clinched with a fourth-place finish in the first stage at Homestead-Miami Speedway.
BThat's... anticlimactic. He didn't win the race.
BRyan Blaney won the race. Larson only needed to finish high enough.
BI guess that's the system: season-long consistency beats one race.
BYou sound like you're complaining about math.
BA little. Winning the season finale should mean more than stage one points.
BHe won two straight titles. That's not math, that's dominance.
BFine, three titles is strong. I just like finishes, not clinches.
BYou can like whatever you want. The trophy still goes to Larson.
BMaybe I'll come around by the next season.
BThe trophy will be waiting.

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