The ceasefire prompted a surge in crude shipments through the Strait of Hormuz, where traffic had largely ground to a halt during the conflict.

Iran exports 50 million barrels of oil after US blockade lift. Strait of Hormuz traffic returns to normal by July 31 at 34% YES.

Iran exported 50 million barrels of crude oil in two weeks after the US naval blockade was lifted, sending oil prices down more than 4%.