Tehran: Iran has exported 36 million barrels of crude oil since a memorandum of understanding with the US was announced, according to ship-tracking platform TankerTrackers. The export milestone follows the recent agreement between the two nations, which aims to ease tensions and promote dialogue.

According to Anadolu Agency, the memorandum, which was announced on June 14, was facilitated through Pakistani mediation and comprises 14 points designed to end hostilities and resolve disputes through negotiations. This agreement officially came into effect on June 18 after being electronically signed by Iranian President Masoud Pezeshkian and US President Donald Trump.

Key provisions of the memorandum include the cessation of hostilities on all fronts, notably in Lebanon, the reopening of the Strait of Hormuz, and the lifting of the US naval blockade imposed on Iran. TankerTrackers reported that an additional 36 million barrels of crude oil remain afloat in Iran, awaiting export.