Iran Netted $5 Billion in 22 Days After US Lifted Blockade, Granted Oil Waiver
Updated
Updated · Jewish Insider · Jul 14
Iran Netted $5 Billion in 22 Days After US Lifted Blockade, Granted Oil Waiver
2 articles · Updated · Jewish Insider · Jul 14
Summary
$4.5 billion to $5 billion flowed to Iran in the 22 days after the June 17 U.S.-Iran MOU, with Tehran exporting more than 55 million barrels of crude by early July, according to a JINSA report.
50 million barrels left Iran in the first two weeks alone after Washington lifted its naval blockade and temporarily let Iranian oil sell at normal market prices instead of sanctions-era discounts.
47% more cash came in than Iran typically earned in a prewar month, when it exported 47 million to 50 million barrels for about $3.05 billion.
4.8 million barrels a day moved through the Strait of Hormuz in the first week after the MOU, down from 15 million before the war, even as Iran exported 5 million barrels a day itself.
$300 million in extra revenue may also have come from transit fees of up to $2 million per vessel, the report said, before the U.S. reimposed the blockade on July 14 and revoked the waiver last week.
As the U.S. imposes its own Hormuz toll, is international maritime law now meaningless?
Can Iran's network of secret land routes truly defy America's powerful naval blockade?
Iran’s $10 Billion Oil Windfall: How a 30-Day U.S. Sanctions Waiver Reshaped Global Markets and Middle East Geopolitics (June–July 2026)
Overview
In June and July 2026, the U.S. granted Iran a temporary oil waiver, allowing Tehran to rapidly boost its oil exports. Iran seized this opportunity, shipping out large volumes of crude and securing substantial revenues as discounts on its oil narrowed. This surge in exports strengthened Iran’s financial reserves and reflected strong global demand for its oil. The increased Iranian supply, however, did not stop global oil prices from rising, as overall market pressures remained high. The temporary waiver and Iran’s aggressive response highlighted the complex interplay between sanctions policy, market dynamics, and geopolitical tensions.