Iran’s first observed crude oil exports in two months have moved past the US blockade outside the Strait of Hormuz in a sign that Iran is wasting no time to take advantage of the tentative deal with the United States.

The first commercial tanker has successfully transited the Strait of Hormuz following the announcement of a preliminary peace agreement ...

The US and Iran reached a 14-point MOU to lift oil sanctions waivers, reopen the Strait of Hormuz, and potentially unfreeze $24-25 billion in assets.

Iran to resume oil sales after signing MoU with the US. WTI crude at $20 in June 2026 at 0.1% YES.