June 17, 2026
Jonathan Saul, Florence Tan and Siyi Liu, Reuters
While US President Donald Trump has recently hailed the resumption of oil flows from Gulf allies, Iran, too, appears to be gearing up to resume exports and trading.
At least three tankers carrying some five million barrels of Iranian oil have sailed through the US naval blockade this week, shipping data shows, despite the US military saying its operations against Iran-linked shipping will stay in place until Friday.
The oil market has focused on a deal to end the Iran war which Trump announced on Jun 14 and is scheduled to be signed on Friday in Switzerland.
