Iran says it sold 90 million barrels of oil under interim US deal

Iran just moved a lot of oil. President Masoud Pezeshkian announced the sale of roughly 90 million barrels of crude under the interim deal struck with the United States, a volume that underscores how quickly Tehran capitalized on the diplomatic opening to flood the market with stored and freshly pumped barrels. The MoU between Washington and Tehran provided waivers on oil and petrochemical sanctions, effectively giving international buyers a green light to load Iranian crude without fear of secondary penalties. Parliament Speaker Mohammad Baqer Qalibaf offered one of the more striking data points: over 40 million barrels were exported at a 20% premium in under 12 days once the blockade lifted. Tanker tracking data painted a broadly consistent picture, showing approximately 50 million barrels exported within two weeks of the blockade lift in mid-to-late June 2026. China remained a primary destination, consistent with its role as Iran’s largest crude customer even during periods of tighter sanctions enforcement. Oil Minister Mohsen Paknejad broke the revenue into two buckets: $11.5 billion worth of oil sold during the conflict period and another $6.5 billion during the extended cease...