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Discount of 5 dollars on every barrel…Iran is selling oil with this formula, left Saudi-UAE behind in 15 days

July 2, 2026 by Uma Shankar

After the end of Hormuz blockade, Iran is selling oil heavily. Iran has sold 50 barrels of oil in the last 15 days. If seen on a daily basis, Iran is selling more than 3 million barrels of oil per day. This is much higher than countries like Saudi, Qatar and UAE. Countries like Saudi and UAE are currently able to sell only 1-2 million barrels of oil daily.

According to tankers trackers iran After the deal with America, the pace of selling oil has increased. Iran Parliament Speaker Mohammad Bagher Kalibaf has also confirmed this. According to Kalibuff, we are now selling oil at 20 percent higher price.

Under the deal, Iran is temporarily allowed to sell oil for 60 days. Iran’s effort is to sell as much oil as possible in these 60 days. So that his financial condition can improve.

Iran sold oil worth $3 billion

According to Mehr News Agency, Iran has sold oil worth 3 billion dollars i.e. 333 billion rupees within 15 days. Iran has sold its oil in Chinese currency, so that it does not have to depend on America in the future.

According to the report, Iran is currently selling the oils which are already uploaded in the tanker. Iran has sold most of its oil through Kharg Island. Kharg is an important oil tanker of Iran located near Hormuz.

Iran is selling oil through middleman

News agency Reuters had done a report regarding the process of selling oil in Iran. It was claimed that Iran was selling oil through middlemen. For this, Iranian middlemen are directly contacting big oil companies of Asian countries. They are promising to provide oil to every company at $5 less.

According to the report, Iran is selling oil at $70 per barrel, whereas the price of crude oil in the international market was $76 per barrel in mid-June.

How much oil did Iran sell before?

Iran is an OPEC member country. Before the US sanctions, Iran was allowed to sell 4 million barrels of oil per day. Saudi had permission to sell 9 million barrels of oil. However, due to US sanctions, other countries except China stopped buying oil from Iran.

About Uma Shankar

Uma Shankar writes about finance, business, and investment topics. He simplifies complex subjects like stock market, banking, tax, and cryptocurrency to help readers make informed financial decisions. Data-driven reporting is his strength.

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