The minimal volume orientable hyperbolic 3-manifold with 4 cusps

We prove that the 8^4_2 link complement is the minimal volume orientable hyperbolic manifold with 4 cusps. Its volume is twice of the volume V_8 of the ideal regular octahedron, i.e. 7.32... = 2V_8. The proof relies on Agol's argument used to determine the minimal volume hyperbolic 3-manifolds with 2 cusps. We also need to estimate the volume of a hyperbolic 3-manifold with totally geodesic boundary which contains an essential surface with non-separating boundary.