Iran Skirts US Blockade, Hits Two-Year High on Oil Revenues
Iran's oil revenues have reached their highest level in two years, defying the US naval blockade. The country's Plan and Budget Organisation reported that oil sales topped $3bn in September, a significant increase from previous months.
The report did not provide details on how Iran managed to export its oil despite the US blockade. However, it is clear that the country has found ways to circumvent the restrictions imposed by the US government.
This development comes as a surprise to many observers, who had expected the US blockade to have a significant impact on Iran's economy. The news is likely to be welcomed by Iranian officials, who have been trying to find ways to mitigate the effects of the US sanctions.