Iran Sold $6 Billion in Oil During Short U.S. Pause in Fighting

Iran sent about $6 billion worth of oil to Asia during a three-week pause in fighting with the United States. It rushed shipments before the U.S. reimposed sanctions — penalties that block trade — and resumed military strikes on July 9, 2026. Iran earned more than expected. The peace deal collapsed into a coastal blockade and oil prices jumped 9% by mid-July.