Iran’s oil ministry announced on Saturday that it successfully generated $18 billion in petroleum sales throughout the period of war and the subsequent ceasefire involving the United States. According to an official statement, $11.5 billion was earned during the active conflict, while an additional $6.5 billion was acquired during the ceasefire that ended earlier in July.
These figures account for over 60 percent of the oil revenue projections outlined in the annual national budget despite the ongoing crisis. This assertion contrasts with comments made in late June by parliament speaker and lead negotiator Mohammad Bagher Ghalibaf, who previously claimed that the United States blockade of Iranian ports had completely halted oil exports.
Hostilities between the nations began on February 28 following joint US-Israeli strikes, which led to Iranian retaliation against American regional allies. Although an April ceasefire provided a temporary pause, the conflict reignited in July as both sides compete for dominance over the Strait of Hormuz.
