Iraq Says US Understanding Lets Oil Export via Hormuz Route Near Oman

The significance here is less the volume than the precedent: Baghdad is publicly framing a bilateral understanding with Washington as the mechanism that keeps its crude moving through Hormuz, tying export continuity to US-brokered arrangements rather than to the strait's normal commercial passage. That matters most for Iraq itself, given the scale of losses it attributes to the Iran war and the export disruption, and for buyers who price in Gulf supply risk. The open question is whether the Oman-side lane holds as a durable route or remains a workaround contingent on the understanding persisting.