Energy · Baghdad, Iraq · November 8, 2026

Iraq says it can export oil through Hormuz

Reported by 2 outlets · first reported Nov 8, 2:47 PM ET

Iraq's minister said it reached understandings with the US to allow oil exports through Hormuz. Its oil minister also claimed output of 5 million barrels a day, complicating its OPEC quota push.

Why it matters

Iraq's exports affect global oil supply and prices.

Background

Hormuz shipping is disrupted by the war.

The story so far

1. Oct 19Iraq's October oil exports near pre-war levels at 3.4m barrels a day
2. Oct 22Brent crude tops $113, highest level since May
3. Oct 23Brent crude briefly passes $117 on fears of renewed Iran strikes
4. Oct 25US says it helped Gulf states ship 1.5 billion barrels through Hormuz
5. Oct 27Oil stays above $100; diesel tight
6. Nov 3Oil swings on Iran news; Brent above $104
7. Nov 7Oil falls for the week on hopes of US-Iran deal
8. Nov 8Iraq says it can export oil through Hormuz
9. Nov 12UAE oil exports back to pre-war levels via Fujairah

Follow the whole story →

Sources

• Middle East Eye ↗Nov 8, 2:47 PM ET
• OilPrice ↗Nov 8, 7:00 PM ET

This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.

See it on the globe →All of Nov 8's stories