Some $18 billion of Iranian oil sold since outbreak of war, over half of annual budget

Estimates compiled by United Against Nuclear Iran, a US-based advocacy group, and oil analysts indicated that Tehran moved about 70 million barrels during the window between mid-June and mid-July.

Some 50 million barrels left Iran during the second half of June alone, roughly equivalent to one month of prewar Iranian exports to China, according to the advocacy group. The shipments followed a temporary US-Iran agreement signed on June 17 that withdrew the blockade, allowing tankers loaded at Iran’s eastern port of Chabahar to sail toward Asia. Several Iranian tankers had already begun moving through the Strait of Hormuz as the earlier blockade neared its end.