# Iraq Strikes U.S. Deal to Boost Oil Exports Through Hormuz

> Iraq agreed with the United States to move crude exports through a corridor along Oman’s coast, providing an alternative route amid war-related disruption around the Strait of Hormuz. Iraq’s foreign minister said the country had lost about $60 billion from export disruption; October exports were estimated at 3.4 million barrels per day, near pre-war levels.

- Date: 2026-11-09 · published 2026-11-10T03:15:23.700Z
- Category: geopolitics · region Iraq · magnitude medium
- Page: https://feedsoft.ai/events/90789-iraq-strikes-u-s-deal-to-boost-oil-exports-through-hormuz
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

An additional export route could reduce the risk of Iraqi crude being trapped by Hormuz disruptions and increase available global supply. The added supply is bearish for crude prices, all else equal.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2025-02-28 | [Oil falls on White House spat, tariffs, Iraq exports - The Business Times](https://feedsoft.ai/events/26212-oil-falls-on-white-house-spat-tariffs-iraq-exports-the-business-times.md) | -5.7% | -0.2% |
| BRENT | 2026-04-17 | [Oil prices: Oil tumbles more than 10% as Iran declares Strait of Hormuz open](https://feedsoft.ai/events/8808-oil-prices-oil-tumbles-more-than-10-as-iran-declares-strait-of-hormuz-open.md) | +1.3% | +0.6% |
| BRENT | 2026-05-05 | [Oil prices fall 4% as fragile US-Iran ceasefire holds, two ships pass through Strait of Hormuz \| Reuters](https://feedsoft.ai/events/9581-oil-prices-fall-4-as-fragile-us-iran-ceasefire-holds-two-ships-pass-through.md) | -9.6% | -16.4% |
| BRENT | 2026-04-17 | [Oil settles down 9% after Iran declares Strait of Hormuz open \| Reuters](https://feedsoft.ai/events/8807-oil-settles-down-9-after-iran-declares-strait-of-hormuz-open-reuters.md) | +1.3% | +0.6% |
| BRENT | 2026-06-25 | [Brent oil erases wartime gains as Hormuz reopening boosts supply - The Japan Times](https://feedsoft.ai/events/18992-brent-oil-erases-wartime-gains-as-hormuz-reopening-boosts-supply-the-japan-times.md) | -3.4% | +29.1% |
| WTI | 2025-02-28 | [Oil falls on White House spat, tariffs, Iraq exports - The Business Times](https://feedsoft.ai/events/26212-oil-falls-on-white-house-spat-tariffs-iraq-exports-the-business-times.md) | -5.7% | -0.5% |
| WTI | 2026-04-17 | [Oil prices: Oil tumbles more than 10% as Iran declares Strait of Hormuz open](https://feedsoft.ai/events/8808-oil-prices-oil-tumbles-more-than-10-as-iran-declares-strait-of-hormuz-open.md) | +2.3% | +7.9% |
| WTI | 2026-05-05 | [Oil prices fall 4% as fragile US-Iran ceasefire holds, two ships pass through Strait of Hormuz \| Reuters](https://feedsoft.ai/events/9581-oil-prices-fall-4-as-fragile-us-iran-ceasefire-holds-two-ships-pass-through.md) | -7.6% | -11.4% |

## Sources

- oilprice.com: https://oilprice.com/Latest-Energy-News/World-News/Iraq-Strikes-US-Deal-to-Boost-Oil-Exports-Through-Hormuz.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.