Russia

Iran exported $6 billion worth of oil during the ceasefire with the US — WSJ

TASS English · 2026-07-19

AI SUMMARY

• What happened: During a ceasefire with the US, Iran exported approximately 70 million barrels of oil worth $5-6 billion, facilitated by a temporary easing of US sanctions. • Why it matters: This export surge highlights Iran's ability to circumvent sanctions and maintain its oil revenue, which is crucial for its economy amid ongoing geopolitical tensions. • What to watch next: Monitor developments regarding US sanctions on Iran, particularly after the recent termination of the general license that allowed for oil exports, and any potential responses from the US or Israel.

US-Israeli strikes on IranIran exported $6 billion worth of oil during the ceasefire with the US — WSJ According to The Wall Street Journal, approximately 20 Iranian tankers headed for Asia between mid-June and mid-JulyNEW YORK, July 19. /TASS/. During the brief truce with the US, Iran was able to export approximately 70 million barrels of oil worth $5-6 billion, The Wall Street Journal (WSJ) reported citing data from the non-governmental organization United Against Nuclear Iran. According to the WSJ, approximately 20 Iranian tankers headed for Asia between mid-June and mid-July. On June 22, the US Treasury Department's Office of Foreign Assets Control (OFAC) published a document confirming that the United States had issued a general license for the production, supply, and sale of Iranian oil and petroleum products. On July 7, the US Treasury Department terminated the general license issued in June, which had eased US sanctions against Iran's oil sector until August 21, and prohibited new operations in this sector. 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Source: TASS English
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