Iran Exported $6 Billion in Oil During Brief U.S. Ceasefire Window

Iran shipped roughly $6 billion in crude through the Strait of Hormuz during a three-week ceasefire with the United States, sending cargoes to Asian waters before Washington reinstated sanctions (trade restrictions) and resumed strikes on July 9, 2026. Revenue topped Tehran's forecasts. The mid-June truce collapsed into a coastline blockade and a 9% oil price spike by mid-July.