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

Following a ceasefire, the Strait of Hormuz has reopened to crude traffic after largely grinding to a halt during the conflict and blockade. Iran has seized the moment, exporting forty million barrels at a twenty percent premium. According to CNBC, the surge represents a significant shift in global energy markets as Iranian crude re-enters international supply chains.

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