Iran’s oil exports dropped to their lowest level since October but are still set to narrowly surpass an agreed cap at the end of the month, data released by a top energy watchdog showed Friday. An interim nuclear agreement between Iran and six world powers requires the Islamic Republic to keep its crude exports at 1 million barrels a day on average over the six months ending July 20. In its monthly oil-market report, the International Energy Agency—which advises industrialized nations on oil policies—said Iran’s oil exports, including crude and condensates, had fallen by 26% in June to 1.08 million barrels a day amid sharp cuts by its two largest Asian buyers. That low level had not been reached since October when it stood at 715,000 barrels a day, according to previous IEA data. China has cut its Iranian oil imports by 36% in just two months to 510,000 […]