Vance says 12.5 million barrels oil moved as Iran deal enters 60-day phase
- Posted on June 18, 2026
- By Business News Today
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- 1 min read
Vance says 12.5 million barrels oil moved as Iran deal enters 60-day phase
Oil flow through the Strait of Hormuz has surged to its highest point since late February. This follows a new US-Iran agreement entering a 60-day implementation phase. The US Navy has permitted ships access to Iranian ports, signaling adherence to the deal's initial military provisions. Final negotiations will shape future terms. Iran has not attacked ships, easing market concerns.
