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

The ceasefire prompted a surge in crude shipments through the Strait of Hormuz, where traffic had largely ground to a halt during the conflict.

Source: [CNBC](https://www.cnbc.com/2026/07/01/iran-us-mou-negotiation-war-oil-exports-strait-of-hormuz-.html)