US waiver throws Iran oil exports a lifeline after five-year low (opens original article in a new tab)

The US issued a 60-day waiver allowing Iranian oil exports to resume, helping recover shipments to 565,000 bpd in June, though exports remain far below pre-sanctions levels and China is the main buyer.

• US Treasury issued a 60-day waiver allowing Iranian oil exports and dollar payments to Tehran
• Iranian oil exports recovered to 565,000 bpd in June, up 72% from May but still below pre-sanctions levels
• China remains the main buyer of Iranian crude, with most shipments bound for China