[Iraqi Foreign Minister: Iraq Reaches Understanding with US, Oil Exports Proceeding Normally via Strait of Hormuz and Shipping Lane Near Oman] According to Al Jazeera, the Iraqi Foreign Minister stated that Iraq has reached an understanding with the United States allowing oil exports via the Strait of Hormuz and shipping lanes near Oman, with exports continuing. The war with Iran and the disruption of oil exports have already cost Iraq $60 billion.