Iran transferred $7.5 billion in oil revenues from sales during the first four months of the current Iranian year to the central bank, the semi-official Fars News Agency reported Saturday. The funds would be sufficient to cover the government’s foreign-currency expenditures from July through December, the report said, citing information obtained from Iran’s Oil Ministry. Iran has enough oil available for sale outside the US naval blockade to meet the revenue requirements set under its state budget for March 21, 2026-March 20, 2027, according to the report. READ: US Treasury adds Iran-linked individual, Hong Kong-based company to sanctions list Oil revenues on March 21-July 22, the first four months of the Iranian year, reached 99% of the amount projected in the […]
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