Also available in Persian — نسخه فارسی ✈️ Telegram EN فا
❓ Unknown

Iran says it is selling oil at 20% premium as end of U.S. blockade sees 40 million barrels exported

Jul 4, 2026 July 4, 2026 1 min read 📰 CNBC Africa
📋 Key Takeaway

Iran has exported over 40 million barrels of crude oil since the US lifted its naval blockade, now selling oil at approximately a 20% premium compared to pre-war prices. This follows a June 17 memorandum of understanding between the US and Iran to end conflict and reopen the Strait of Hormuz, which has boosted oil shipments and lowered global prices.

🔍 Quick Context Guide
💡 Bottom Line: Iran's oil export resurgence signals a shift in its economic landscape post-sanctions.

👥 Key Players

Mohammad Bagher Ghalibaf QUOTED
Parliament Speaker and Chief Negotiator
"parliament speaker and chief negotiator Mohammad Bagher Ghalibaf said Tuesday."

⚡ Actions

Mohammad Bagher Ghalibaf ANNOUNCE Iran
"Iran has exported more than 40 million barrels of crude oil since the U.S. removed its naval blockade."
Confidence: 90%
Mohammad Bagher Ghalibaf ANNOUNCE Iran
"Iran is now selling oil at prices roughly 20% higher than before the war."
Confidence: 90%

📰 What Happened

Iran sells over 40 million barrels of oil at a 20% premium post-U.S. blockade.

  • Mohammad Bagher Ghalibaf announce Iran
  • Mohammad Bagher Ghalibaf announce Iran

💡 Why It Matters

🇮🇷 For Iran: Because it boosts Iran's economy and oil revenue.
🌍 Regional: Because it may alter regional oil market dynamics.
🌐 International: Because it challenges U.S. sanctions and influences global oil prices.

📚 Background

Iran's oil export resurgence signals a shift in its economic landscape post-sanctions.

📝 Key Evidence

"Iran has exported more than 40 million barrels of crude oil since the U.S. removed its naval blockade."
→ Iran's oil export status and the impact of the U.S. blockade removal.
"Iran is now selling oil at prices roughly 20% higher than before the war."
→ The increase in oil prices post-blockade.
📡 Source: STATE MEDIA
📊 Confidence: 80%
Source provides information that aligns with Iranian government narratives.

A cargo ship is pictured off coast of the Khor Fakkan Container Terminal, the only natural deep-sea port in the region and one of the major container ports in Sharjah Emirate, along the Gulf of Oman on June 28, 2026. – | Afp | Getty Image

Iran has exported more than 40 million barrels of crude oil since the U.S. removed its naval blockade of Iranian ports, and is now selling oil at prices roughly 20% higher than before the war, parliament speaker and chief negotiator Mohammad Bagher Ghalibaf said Tuesday.

🏷️ Entities Mentioned

🌐

Translated from the original and edited for English readers. View original source →

Translation confidence: 100%

📰 Related Coverage

⚖️ Independent Platform — Artesh.com is not affiliated with any government, military, or political organization. Editorial Policy →