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Iran exports 40M+ barrels of oil post-US blockade lift, selling at 20% premium amid Strait of Hormuz deal

Market News
30 Jun 2026
CNBC
View Source
Bullish
pluang ai news

Iran has exported over 40 million barrels of crude oil since the US lifted its naval blockade two weeks ago, now selling oil at about a 20% premium. This follows a June 17 memorandum of understanding between the US and Iran to end conflict and reopen the Strait of Hormuz toll-free for 60 days, boosting oil shipments and lowering prices. Iran retains control over the strait's administration, and the future governance after 60 days remains uncertain. The ceasefire and resumed exports have eased tensions and impacted global oil markets significantly.

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