$7.5B in Oil Revenues Transferred Amid US Naval Blockade

Iran has successfully transferred $7.5 billion in oil revenues to its central bank, despite a US naval blockade imposed on the country.

The funds, which were generated from sales during the first four months of the current Iranian year (March 21-July 22), would be sufficient to cover the government's foreign-currency expenditures from July through December, according to Iran's Oil Ministry.

Iran has enough oil available for sale outside the US naval blockade to meet the revenue requirements set under its state budget for March 21, 2026-March 20, 2027. Oil revenues during this period have reached 99% of the amount projected in the budget.