Iran has shipped roughly 50 million barrels of crude oil since the US lifted its naval blockade on Iranian ports about two weeks ago, according to maritime intelligence firm TankerTrackers, as cited by Iranian news agency Tasnim.
That works out to an average of 1.66 million barrels per day for June 2026. Iranian exports had fallen to effectively zero during the two-month blockade that began in March amid escalating US-Iran tensions.
How the blockade ended
The thaw came via a memorandum of understanding signed on June 17 between the US and Iran. The deal ended active hostilities and, critically, included a temporary US Treasury General License permitting Iranian oil sales through August 21, 2026.
That license means buyers can now make dollar-denominated payments for Iranian crude without running afoul of sanctions, at least for the next two months. The blockade was formally lifted around June 18, and tankers started moving almost immediately.
