Iran Sold Billions in Oil During a Cease-Fire That Quickly Fell Apart

Iran sold billions in oil during a temporary cease-fire (a pause in fighting) with the U.S. from April to July 2026, the New York Times reported. Shipments neared 2 million barrels daily. Trump ended the truce July 10; Iran then blocked the Strait of Hormuz, a narrow sea lane carrying about one-fifth of the world's oil.