Iran says it is selling oil at 20% premium as end of U.S. blockade sees 40 million barrels exported

AI Summary

Iran has exported over 40 million barrels of crude oil following the end of the U.S. naval blockade, and is reportedly selling the oil at a 20% premium compared to pre-war prices. This was confirmed by Iranian parliament speaker and chief negotiator Mohammad Bagher Ghalibaf, amid ongoing diplomatic engagements between the U.S. and Iran.

Iran has exported more than 40 million barrels of crude oil since the U.S. removed its naval blockade of Iranian ports, and is now selling oil at prices roughly 20% higher than before the war, parliament speaker and chief negotiator Mohammad Bagher Ghalibaf said. The U.S. and Iran signed a memorandum of understanding on June ...