Iran reports $7.5bn in oil revenues amid US naval blockade
Iran reports $7.5bn in oil revenues amid US naval blockade Submitted by MEE staff on Sat, 08/29/2026 - 09:50 Fars news says oil revenues nearly met budget projections even as talks with Washington over the blockade remain stalled People shop for produce at the historic Tajrish Bazaar in northern Tehran on 25 August 2026 (AFP) Off Iran transferred $7.5bn in oil revenue from sales during the first…
Iran has reported $7.5 billion in oil revenues over the first four months of its current fiscal year, according to the semi-official Fars News Agency. Despite a US naval blockade, the country managed to meet its budget targets for foreign currency expenditures. The funds will be sufficient to cover Iran's foreign currency needs from July through December, as per data from Iran's oil ministry. The reported revenues represent 99% of the projected amounts for the same period.
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