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

AI Summary

Iran reports selling oil at a 20% premium as it exports 40 million barrels following the end of a U.S. blockade. This has resulted in a surge of crude shipments through the Strait of Hormuz, where previous conflict had severely disrupted maritime traffic.

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