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Iran Channels Oil Earnings to Central Bank Amid US Tensions
(MENAFN) Iran has transferred $7.5 billion in oil revenues generated during the first four months of the current Iranian calendar year to its central bank, according to reports citing information from the country’s Oil Ministry.
The amount is expected to be enough to finance the government’s foreign-currency needs between July and December, providing Tehran with sufficient resources to cover its planned expenditures during that period.
Reports indicate that Iran continues to have enough oil available for export through channels outside the US naval blockade to meet the revenue targets established in its state budget for the fiscal year running from March 21, 2026, to March 20, 2027.
Oil income recorded between March 21 and July 22, which represents the first four months of the Iranian year, reaches 99% of the revenue target set in the national budget for that period, according to the reports.
The transfer takes place as a US naval blockade places significant pressure on Iran’s maritime trade and oil exports, creating obstacles for Tehran’s ability to transport and sell its crude internationally.
The Strait of Hormuz remains a major point of tension in the ongoing confrontation between Iran and the United States. Tehran has closed the strategically important waterway, while Washington continues to call for the passage to be reopened and for commercial shipping to resume without restrictions.
The amount is expected to be enough to finance the government’s foreign-currency needs between July and December, providing Tehran with sufficient resources to cover its planned expenditures during that period.
Reports indicate that Iran continues to have enough oil available for export through channels outside the US naval blockade to meet the revenue targets established in its state budget for the fiscal year running from March 21, 2026, to March 20, 2027.
Oil income recorded between March 21 and July 22, which represents the first four months of the Iranian year, reaches 99% of the revenue target set in the national budget for that period, according to the reports.
The transfer takes place as a US naval blockade places significant pressure on Iran’s maritime trade and oil exports, creating obstacles for Tehran’s ability to transport and sell its crude internationally.
The Strait of Hormuz remains a major point of tension in the ongoing confrontation between Iran and the United States. Tehran has closed the strategically important waterway, while Washington continues to call for the passage to be reopened and for commercial shipping to resume without restrictions.
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