Iran Exported Billions in Oil During Brief U.S. Cease-Fire Before It Collapsed

Iran shipped billions of dollars in oil during its April-to-July 2026 cease-fire with the U.S., the New York Times reported on July 19. Vortexa said crude loadings largely resumed and could approach 2 million barrels per day. Trump declared the truce over on July 10; Iran then blockaded the Strait of Hormuz, through which roughly one-fifth of global oil supply transits.