Iran’s revenue from oil sales reached more than 80 percent of the oil revenue projected in the country’s 2026–2027 budget during the first five months of the fiscal year. The budget period covers March 21, 2026, to March 20, 2027.
Iran earned more than $1 billion in foreign currency from oil revenues during the first 11 days of the period ending on September 2. The foreign currency was added to the country’s reserves, while the additional revenue is expected to increase the Central Bank of Iran’s capacity to meet its foreign currency needs.
Oil sales generated $7.5 billion in foreign currency
According to data released by Iran’s Ministry of Petroleum at the end of August, oil sales generated $7.5 billion in foreign currency during the first four months of the fiscal year, from March 21 to July 22. The amount was transferred to the Central Bank.
Washington’s economic pressure continues
The new figures came as the United States increased its economic pressure on Tehran. The Washington administration launched “Operation Economic Exclusion,” which aims to isolate Iran from global financial channels and limit its ability to generate revenue, including through oil sales, and transfer those revenues into the country.
As part of the operation, the risk of secondary sanctions was expanded for parties that continue commercial relations with Iran. New sanctions were also imposed on dozens of entities, individuals and vessels.