Iran Reports $18bn in Oil Revenue Despite Conflict with US
Iran’s oil ministry said the sales covered more than 60% of its annual budgeted oil income despite the conflict and ceasefire.
- Iran's oil ministry announced on Saturday that the country sold $18 billion in oil during its conflict with the United States and the subsequent ceasefire period.
- Hostilities began with US-Israeli strikes in February, followed by an April ceasefire that collapsed earlier this month as both nations renewed their struggle over the Strait of Hormuz.
- The ministry disclosed $11.5 billion generated during the conflict and $6.5 billion throughout the ceasefire, according to its official statement.
- These oil sales covered over 60% of the revenue forecast in Iran's annual budget, providing significant financial support despite the ongoing crises.
- Parliament Speaker Mohammad Bagher Ghalibaf previously stated in late June that US blockades had halted oil exports, contradicting the ministry's recent report.
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31 Articles
Iranian Oil Minister Mohsen Paknejad announced that they had sold $11.5 billion worth of oil during the war and $6.5 billion during the ceasefire. The total revenue exceeded 60% of the annual budget target.
Iran sows and reaps: $18 billion in oil revenues despite war and global economic turmoil. Iran achieved massive oil revenues during the war and subsequent truce with the United States, after the Iranian Oil Ministry announced the sale of shipments worth $18 billion, at a time when regional tensions and pressure on the energy sector were escalating.
Iran reports $18bn in oil revenue despite conflict with US
Iran’s oil ministry says the country earned $18 billion from oil exports during its conflict with the United States and the period of ceasefire that followed, despite earlier claims by senior government officials that U.S. actions had halted the country’s oil exports. In a statement published on its official website on Saturday, the ministry disclosed […] Iran reports $18bn in oil revenue despite conflict with US
Exports covered more than 60% of projected annual revenues, despite the US naval blockade, according to Tehran.
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