Iran ramps up oil exports after US truce, shipping nearly 18 million barrels worth about $1.44 billion

Iran and the United States reached an interim ceasefire under which Washington lifted its naval blockade of Iranian ports, enabling Tehran to restart large-scale crude exports. In recent days, Iran has shipped about 18 million barrels worth roughly $1.44 billion, with most cargoes loaded from Kharg Island. The rebound adds to global oil supply and could increase downward pressure on crude prices.