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Markets & Energy33m ago

Struck a bilateral deal to increase Iraqi crude oil exports through a transport corridor along the coast of Oman, bypassing disruption.

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Baghdad, Iraq

Who
Iraq Foreign Minister, United States government
What
Struck a bilateral deal to increase Iraqi crude oil exports through a transport corridor along the coast of Oman, bypassing disruption.
When
Mon, 09 Nov 2026 09:10:00 GMT · 33m ago
Where
Baghdad, Iraq ·
Why
To mitigate war-related export disruptions that have caused approximately $60 billion in losses for Iraq.
What to watch
Implementation timelines and export volume metrics reported by Iraq's Ministry of Oil.
The Frontline Impact

How this affects you

Increased export flows through the Oman corridor will moderate regional supply constraints and alter maritime tanker transit patterns. The arrangement aims to stabilize OPEC export volumes amid ongoing Middle East transit vulnerabilities.

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