14.07.2026 17:50
In the 26-day free process following the agreement with the US, Iran generated over $6 billion in revenue by shipping 80 million barrels of crude oil and refined products. With the resumption of the blockade, 30 million barrels of oil could not be dispatched. The cash inflow achieved by Iran through this move and the partial emptying of oil reserves will 'give Tehran breathing room,' extending its economic endurance.
Following the agreement with the US, Iran reportedly shipped over $6 billion worth of petroleum products during the 26-day free period after the blockade was lifted.
$6 BILLION SHIPMENT IN 26 DAYS
According to a report by the US-based Washington Examiner, during the 26-day period between the signing of the US-Iran memorandum of understanding and the reimposition of the US blockade, Tehran shipped over $6 billion worth of petroleum products to foreign buyers.
Based on data from TankerTrackers.com, Iran shipped more than 80 million barrels of crude oil and refined products between June 18, when the initial blockade was lifted, and July 13, when it was reimposed.
30 MILLION BARRELS LEFT UNEXPORTED
However, as the blockade circle closed before Tehran could ship out all its storage capacity, approximately 30 million barrels of Iranian crude oil could not be exported.
TankerTrackers reported that when considering the shipments made and the returning vessels, there is still over 60 million barrels of floating storage capacity within the blockade boundaries.
ALMOST LAUNCHED A RACE FOR SHIPMENTS
As negotiations began to falter last week, the research firm noted that Tehran had almost launched a race to ship as much oil as possible before the blockade was reimposed.
OVER 10 MILLION BARRELS SHIPPED IN A SINGLE NIGHT
Iran shipped over 10 million barrels of crude oil and petroleum products on the night of July 8-9 alone. In the first 24 hours following the lifting of the blockade in June, Tehran had shipped 20 million barrels of oil.
According to the report, this cash inflow and the partial emptying of oil depots will provide Tehran with "breathing room," extending its economic endurance.
Intelligence estimates shared while the initial blockade was in effect indicated that Iran could only last until August before experiencing a complete economic collapse. Although the new timeline remains uncertain, the current cash flow is likely to extend Iran's endurance by a few more months.
While Iran's total oil storage capacity is not precisely known, Kpler and Bloomberg estimate this figure to be around 95 million barrels. When floating storage capacity is added, Iran is projected to be able to hold approximately 155 million barrels of oil.