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Commodities

$18 Billion in Oil Sales: Iran Defies US Blockade with Ceasefire Boom

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The Iranian oil ministry has disclosed that it sold $18 billion worth of oil during the recent war and subsequent ceasefire with the United States.

According to a statement carried by its official website, the ministry sold $11.5 billion of oil during the conflict and $6.5 billion during the ceasefire that collapsed earlier this month.

This total covers more than 60 percent of the oil revenues forecast in the year's budget in the midst of the crisis, the ministry noted.

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