Iran has exported over 40 million barrels of crude oil since the US lifted its naval blockade, with prices reportedly 20% higher than pre-war levels. A recent MOU aims for a permanent peace deal after nearly four months of conflict.
Iran's Parliament Speaker announced over 40 million barrels of oil exported since the US lifted its naval blockade, reopening passage through the Gulf of Oman and Strait of Hormuz. This follows a memorandum signed June 18 to end an armed conflict.
Several tankers carrying Iranian oil have reportedly crossed the US blockade line in the Strait of Hormuz, according to TankerTrackers. This comes two days before new talks between the US and Iran are set to begin on a framework agreement to end their war, which could see sanctions on oil sales lifted.
Russia's exports to Iran via the International North-South Transport Corridor grew 56% in the first 4 months of 2026
