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The Economic Times

Top News / The Economic Times

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Vance says 12.5 million barrels oil moved as Iran deal enters 60-day phase

Oil flow through the Strait of Hormuz reached its highest level since late February. US Vice President JD Vance stated a US-Iran agreement has entered a 60-day implementation period. The US Navy allowed ships access to Iranian ports, lifting a blockade. This move demonstrates Washington honoring its commitments.

18 Jun 2026 9:22 pm