Iran has rapidly ramped up crude exports after the U.S. temporarily lifted sanctions and ended its naval blockade under a 60-day negotiation framework.

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%.