Iran's State Bank Freezes National Iranian Oil Company Accounts Amid Growing Financial Pressures

The National Iranian Oil Company's accounts have been frozen by Iran's state-owned Bank of Industry and Mine. This rare move follows overdue debt obligations owed by the state oil giant, which is facing growing financial pressures and ongoing US sanctions.

According to Fars News Agency, the bank froze the accounts despite existing legal protections granted by the 2026 budget law. The report did not disclose the total debt value or the exact number of frozen accounts.

The freeze coincides with mounting banking and financial restrictions affecting the company, primarily due to long-standing US sanctions targeting Iran's energy operations.