$7.5 Billion in Oil Revenue Transferred Despite US Naval Blockade

The Iranian government has managed to transfer $7.5 billion in oil revenue to its central bank, despite a U.S. naval blockade that disrupted its oil exports and maritime trade.

The funds were enough to cover the government's foreign-currency spending through December, with revenues coming in at 99% of the amount budgeted for the period.

Iran also had enough oil available for sale outside the U.S. naval blockade to meet the revenue requirements set under its state budget for March 21, 2026-March 20, 2027.