Iran Rushed Out $6 Billion of Oil During Brief Truce With U.S.

Iran moved fast to take advantage of the window. After the U.S. and Iran signed a temporary agreement on June 17 that withdrew the blockade, tankers laden with oil in Iran’s eastern Chabahar port quickly sailed toward Asia. In the second half of June Iran exported about 50 million barrels of oil bound for eventual sale in China. That is roughly equal to a month of China-bound exports of Iranian oil before the war, according to United Against Nuclear Iran.