Iran Exports 50 Million Barrels of Oil Since US Sanctions Lifted, Earning $3.5 Billion

According to the Iranian news agency Tasnim, citing Tanker Trackers, Iran has exported 50 million barrels of crude oil since the United States lifted its sanctions about two weeks ago. This export volume corresponds to a daily rate of approximately 1.66 million barrels in June 2026. Despite this increase, oil exports from several other countries in the region have not yet returned to pre-war levels.

Experts estimate that Iran's revenue from exporting these 50 million barrels, based on oil prices over the past two weeks, amounts to roughly $3.5 billion. This translates to an average daily income exceeding $233 million from oil sales.

Mohammad Baqer Qalibaf, the Iranian parliament speaker and head of the negotiation team, confirmed in a television interview that the oil sanctions have been lifted and stated that Iran is selling its oil at prices 20% higher than before. The report also included a reference to a US military attack on an oil tanker in the Strait of Hormuz, highlighting ongoing regional tensions.