Iran steps up oil exports under interim U.S. deal, shipping nearly 18 million barrels in five days

Iran has been cleared to export crude under a temporary U.S.-Iran agreement and has already sent at least three state-owned tankers, shipping nearly 18 million barrels over the past five days valued at $1.44 billion. Brent crude has fallen from above $110 a barrel to around $80, while the average U.S. gasoline price has dropped to under $4 a gallon. The shift has lifted expectations for global supplies of crude and refined products, adding short-term downward pressure on prices.